All The Major Companies And Orgs Dumping Their DEI Programs (Full List)
Topline
JPMorgan Chase, Morgan Stanley and Citigroup are reportedly removing or changing public-facing language around diversity, equity and inclusion efforts, days after JPMorgan CEO Jamie Dimon said he would cut “stupid” costs after an employee asked about diversity, equity and inclusion programs at a company town hall, Bloomberg reported—though Dimon said the move was about cost-cutting and was not in response to backlash against DEI that has become a central issue of President Donald Trump’s second term.
Jamie Dimon, chairman and CEO of JPMorgan Chase, attends a hearing on Annual Oversight of Wall … [+]
Timeline
told The Wall Street Journal, and other banks including Wells Fargo and Bank of America have begun reviewing their DEI language, as well.
JPMorgan Chase, Morgan Stanley and Citigroup were “removing or watering down” language around their DEI efforts, unnamed people familiar with the matterBloomberg reported; Coca-Cola’s changes will likely be disclosed in future Securities and Exchange Commission filings, according to the report, and PepsiCo’s latest filing removed references to its “diverse workforce” and DEI.
Coca-Cola and PepsiCo were preparing to comply with Trump’s executive order that sought to ban DEI programs as both receive government contracts,repeated in recent weeks even as other companies roll back their DEI commitments—and he has previously slammed “ridiculous” anti-DEI crusaders targeting his company. (Forbes has reached out to JPMorgan Chase for comment).
Dimon said he “saw how we were spending money on some of this stupid s—-, and it really pissed me off,” stating in response to a question about DEI he will “cancel” some expenses he views as wasteful, Bloomberg reported, though he also reiterated his commitment to Black, Hispanic and LGBTQ community outreach, a viewpoint he hasrequirement that a company it takes public must have at least two diverse members on its board of directors, one of whom had to be a woman, which a company spokesperson told Axios is because of “legal developments related to board diversity requirements” (A federal appeals court in December ruled Nasdaq could not require companies to have board diversity quotas.)
Goldman Sachs said it would drop aDisney is making several changes to its DEI approach, including shifting its “Diversity & Inclusion” performance metric used to evaluate employees to “Talent Strategy,” which is focused more on business outcomes, while also axing its “Reimagine Tomorrow” website which highlights diverse employees and adjusting content warnings it attached to some of its older films on Disney+ to remove references to diversity and culture.
Deloitte told U.S. employees working with government clients to remove pronouns from their email signatures and said it would roll back its DEI goals and cease issuing diversity reports—but the firm’s United Kingdom branch told its staff diversity “remains a priority” and it would stand by its diversity goals.
PBS—which Trump has repeatedly called for defunding—shuttered its diversity, equity and inclusion office, and those who worked in DEI roles have left the company, which PBS said in a memo to staff is to make sure it complies with Trump’s anti-DEI executive orders.
told CNBC it no longer marks the start of cultural observances like Pride Month and Black History Month because “maintaining hundreds of moments manually and consistently globally wasn’t scalable or sustainable,” though it said it began making these changes in mid-2024.
Days after it cut diversity hiring goals, a Google spokespersonNPR first reported more than a dozen companies have pared back, or removed altogether, references to diversity, equity and inclusion in their 2024 annual reports to investors, including Pepsi, GM, Google, Disney, GE, Intel, PayPal, Chipotle and Comcast (GM removed all references to diversity, NPR reported, while Pepsi removed nearly all references after writing in its investor report last year DEI is a “competitive advantage.”)
private companies to roll back DEI goals, the company’s chief executive Julie Sweet said in a memo to staff, Bloomberg reported.
Professional services company Accenture said it would no longer use diversity targets in hiring and promoting, citing the Trump administration’s push forfiled with the Securities and Exchange Commission…
Amazon’s annual report
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