Citigroup Shifts Diversity Strategy Amid New Business Climate

Citigroup has decided to eliminate its requirement for a diverse slate of candidates during job interviews. Chief Executive Officer Jane Fraser confirmed the change in a memo, stating that the bank will align its goals with local laws and rebrand its diversity management team.

Citigroup has announced a significant shift in its diversity hiring strategy, as communicated by CEO Jane Fraser in a Thursday memo. The bank will cease its requirement for a diverse array of candidates in job interviews, moving away from its previous diversity-focused approach.

The decision comes as corporate America navigates a new business environment under the leadership of President Donald Trump. Citigroup stated it will only adhere to 'aspirational representation goals' where mandated by local legislation.

In another strategic move, the financial institution plans to rename its 'Diversity, Equity and Inclusion and Talent Management' team to 'Talent Management and Engagement'. This news was first reported by Bloomberg News and the Financial Times.

(With inputs from agencies.)