(Reuters) – Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday, as corporate America contends with a new business climate under President Donald Trump. The bank will not have “aspirational representation goals” except as required by local law, CEO Jane Fraser said. It […]
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Citigroup joins corporate retreat from diversity initiatives
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(Reuters) – Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday, as corporate America contends with a new business climate under President Donald Trump.
The bank will not have “aspirational representation goals” except as required by local law, CEO Jane Fraser said. It will also change the name of the “Diversity, Equity and Inclusion and Talent Management” team to “Talent Management and Engagement”.
The news was earlier reported by Bloomberg News and the Financial Times.
(Reporting by Niket Nishant in Bengaluru; Editing by Mohammed Safi Shamsi)