Citigroup is rolling back employment diversity initiatives, CEO Jane Fraser said in a Feb. 20 memo, following similar actions taken by major companies as corporate America navigates a shifting business climate.
“The recent changes in U.S. federal government policy, including new requirements that apply to all federal contractors, call for changes to some of the global strategies and programs we’ve used to attract and support colleagues from various backgrounds,” Fraser said.
“We will no longer have aspirational representation goals except as required by local law. We will no longer require diverse slates of candidates and diverse panels of interviewers.”
The company will continue to encourage the inclusion of “a variety of perspectives” in hiring decisions, Fraser said….