By Yamini Kalia and Chandini Monnappa (Reuters) -Barclays is scrapping its diversity and inclusivity targets across the United States, the bank said on Tuesday, becoming the latest British company to abandon its inclusivity goals following the U.S. President’s opposition to them. “Our representation ambitions for the rest of the group will continue,” a Barclays spokesperson […]
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Barclays scraps diversity targets in US following Trump’s stance
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By Yamini Kalia and Chandini Monnappa
(Reuters) -Barclays is scrapping its diversity and inclusivity targets across the United States, the bank said on Tuesday, becoming the latest British company to abandon its inclusivity goals following the U.S. President’s opposition to them.
“Our representation ambitions for the rest of the group will continue,” a Barclays spokesperson said in an e-mail to Reuters.
Companies across the globe are scaling back their diversity, equity and inclusion (DEI) goals after President Donald Trump issued executive orders cutting federal programs aimed at supporting women, ethnic minorities, LGBTQ+ people and other traditionally under-represented groups.
Bloomberg News reported the change in Barclays’ policy earlier in the day.
(Reporting by Yamini Kalia in Bengaluru; Editing by Anil D’Silva and Shailesh Kuber)