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JPMorgan Chase rebrands diversity program to emphasize opportunity over equity
JPMorgan Chase is revamping its diversity initiative, renaming it to Diversity, Opportunity & Inclusion by replacing "equity" with "opportunity." COO Jenn Piepszak highlighted the focus on equal opportunity and merit-based practices, while integrating diversity efforts into various departments. The changes reflect a broader evolution in response to regulatory pressures and aim to enhance collaboration within the organization.
JPMorgan rebrands diversity program to focus on opportunity and inclusion
JPMorgan Chase is rebranding its diversity program, changing "equity" to "opportunity," now termed diversity, opportunity, and inclusion (DOI). COO Jenn Piepszak emphasized a focus on merit-based hiring and reducing barriers without compromising standards, while also streamlining programs and increasing connectivity among various organizational groups. This shift aligns with broader corporate trends as companies face pressure to reassess diversity initiatives amid political scrutiny.
JPMorgan revises diversity programs and terminology amid changing market trends
JPMorgan Chase is revamping its Diversity, Equity, and Inclusion (DEI) programs, replacing "equity" with "opportunity" and rebranding the initiative as the Diversity, Opportunity, and Inclusion (DOI) program. Chief Operating Officer Jenn Piepszak emphasized that the change reflects a focus on equal opportunity rather than equal outcomes. The bank plans to consolidate some diversity initiatives into business lines and reduce training on these topics, amid a broader trend among major companies to adjust DEI policies in response to regulatory pressures.
jpmorgan revises diversity programs shifting focus from equity to opportunity
JPMorgan Chase is revamping its Diversity, Equity, and Inclusion (DEI) programs, changing the terminology to Diversity, Opportunity, and Inclusion (DOI) to better align with market trends and regulations. COO Jenn Piepszak emphasized that "equity" has always meant equal opportunity, not equal outcomes, and noted that some centrally managed diversity initiatives will be integrated into various business lines. The bank also plans to reduce training on these topics amid a broader trend of major companies reassessing their DEI policies.
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