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JPMorgan has rebranded its DEI program to "Diversity, Opportunity and Inclusion" in response to regulatory pressures and criticism of "woke" corporate policies. The change, communicated by COO Jenn Piepszak, emphasizes merit-based hiring and compliance with current laws, while reducing DEI training and consolidating related activities. This shift aligns with broader trends among major financial institutions, including Goldman Sachs and Citigroup, to modify or scale back their DEI initiatives amid political and investor pressures.
JPMorgan Chase has rebranded its diversity, equity, and inclusion (DEI) programs to diversity, opportunity, and inclusion (DOI) in response to political pressure against DEI initiatives. The bank's COO stated that the change reflects a focus on equal opportunity rather than equal outcomes. This shift follows a broader trend among major corporations, including Goldman Sachs and Citigroup, to scale back DEI commitments amid criticism and scrutiny from the Trump administration.
The rollback of diversity, equity, and inclusion (DEI) initiatives by major corporations reflects a broader shift influenced by the Trump administration's policies. Companies like Target and McDonald's have scaled back their DEI commitments, citing the need to align with changing political landscapes, while others continue to navigate these challenges quietly. This retreat disrupts decades of progress aimed at reducing workplace discrimination and expanding opportunities for minorities and women.
JPMorgan is under pressure to revise its Diversity, Equity, and Inclusion (DEI) policies amid changing political landscapes and legal challenges. CEO Jamie Dimon, historically a DEI supporter, faces scrutiny as the bank considers softening its DEI commitments, which may not satisfy the Trump administration's push for a color-blind hiring approach. Despite claims of merit-based hiring, contradictions arise as the bank navigates its DEI stance while maintaining profitability in a highly regulated environment.
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jpmorgan rebrands dei program amid backlash against corporate diversity initiatives
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