Citigroup is scaling back its policies around diversity, the latest US company to retreat from targets to promote a more inclusive workforce.
Donald Trump’s return to the White House has intensified a backlash to diversity, equity and inclusion targets, leading companies to abandon goals they had put in place only a few years ago.
In a memo to staff on Thursday, chief executive Jane Fraser wrote that the bank would no longer have aspirational representation goals unless required by local law, and nor would it require “diverse slates of candidates and diverse panels of interviewers”.
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