Policy Shift and Rationale
rebrands its DEI program to "Diversity, Opportunity, and Inclusion" (DOI), replacing "Equity" with "Opportunity" to align with current laws and regulations, emphasizing merit-based hiring, compensation, and promotion.
This change follows pressure from the Trump administration and a Supreme Court ruling, aiming to address criticisms of DEI initiatives as discriminatory and illegal under certain interpretations.
Implementation and Industry Trends
The bank plans to streamline DOI activities, reduce DEI-related training, and enhance connectivity between councils and business resource groups to ensure consistency and impact.
JPMorgan's adjustment reflects a broader trend among Wall Street and other corporate giants, like and , to rethink DEI programs in response to legal, political, and shareholder pressures.