JPMorgan makes changes to its diversity programs, memo says

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JPMorgan makes changes to its diversity programs, memo says

//business-finance.news-articles.net/content/202 .. changes-to-its-diversity-programs-memo-says.html

Published in Business and Finance on Friday, March 21st 2025 at 8:20 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

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,

2025-03-21 210 x 110 / 6687 Bytes

JPMorgan Chase & Co. has made adjustments to its diversity, equity, and inclusion (DEI) programs in response to recent legal and political challenges, according to an internal memo dated March 21, 2025. The bank has decided to eliminate specific hiring goals for certain underrepresented groups, focusing instead on a broader approach to diversity that does not target specific demographics. This shift comes after several lawsuits and conservative pushback against race-based hiring practices. The memo, penned by the bank's Chief Diversity Officer, emphasizes that while the terminology and some practices are changing, the commitment to fostering an inclusive environment remains strong. The changes include revising language in job postings and internal communications to be more inclusive and less specific about demographic targets, aiming to comply with emerging legal standards while still promoting diversity.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/jpmorgan-makes-changes-its-diversity-programs-memo-says-2025-03-21/ ]

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