“JPMorgan makes changes to its diversity programs, memo says”, 21 March 2025

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JPMorgan Chase Chief Operating Officer Jenn Piepszak said the bank was making some changes to its Diversity, Equity and Inclusion programs and the language it uses to describe them in an effort to keep up with the market and changes in regulations, according to a memo seen by Reuters.

The bank was changing “equity” to “opportunity” and renaming it Diversity, Opportunity and Inclusion, from DEI..

"The “e” always meant equal opportunity to us, not equal outcomes, and we believe this more accurately reflects our ongoing approach to reach the most customers and clients to grow our business, create an inclusive workplace for our employees and increase access to opportunities,"...

Some of the diversity programs that were managed centrally by the DOI organization will now be integrated into different lines of business including human resources or corporate responsibility…

The bank also plans to reduce training on these topics…

Several major U.S. and some European companies have dropped or altered their DEI policies following President Donald Trump's executive order to curtail such programs in the U.S.

…Citigroup said it will no longer require a diverse slate of candidates for job interviews and said it was changing the name of the "Diversity, Equity and Inclusion and Talent Management" team to "Talent Management and Engagement."

… Goldman Sachs canceled a four-year-old policy of exclusively taking public companies with at least two diverse board members. It also dropped an entire section dedicated to "diversity and inclusion" from its annual filing.