Roche Scraps Global DEI Leadership Targets on Trump Pressure (1)

Roche Holding AG scrapped long-held global diversity targets for its leadership, showing how pressure from the Trump administration is causing companies to back away from DEI policies outside the US.

The impact will go beyond Roche’s US unit, called Genentech, to affect the Swiss drugmaker’s business worldwide, management told workers late Tuesday in an email that was seen by Bloomberg News.

“Many of you may wonder why changes in US law may require adjustments at the global level, rather than just within our US entities,” Roche said in the staff email. “It is because our global programs and goals ...