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Barclays is scrapping its targets for boosting the diversity of its staff across the U.S., becoming the latest Wall Street giant to row back policies amid pressure from Donald Trump’s administration.
The London-based bank will continue to try to achieve targets it set for gender and underrepresented ethnicities in the U.K. and at the firmwide level for now, according to a memo to staff seen by Bloomberg.
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Trump's executive orders haven't fundamentally changed employment law, no matter how sweeping they may sound.
A slew of U.S. businesses including Amazon.com and Walmart rolled back their diversity and inclusion efforts as they increasingly face legal attacks over their efforts.
Organizations that work toward boosting industry diversity say President Trump and other critics may be missing the moral and business implications of their efforts.
Citi's CEO Jane Fraser announced she was ending the DEI goals she set out less than three years ago.
President Donald Trump has sought to actively eliminate diversity and equality practices across the federal government. Are private companies next?
