Citi Ends Its DEI Team, No Longer ‘Committed Every Day’

Jane Fraser, CEO of Citigroup, sent a memo to employees on Thursday titled “Colleague Engagement Update.” 

The memo included three actions the bank will take to end its DEI team, policies, and programs. The bank also took down multiple DEI-related web pages, one of which stated, “a renewed commitment every day” to DEI.

Here’s what you need to know.

What DEI changes were mentioned in the memo?

• The bank is removing hiring targets by race and gender (“aspirational” representation goals).
• The bank will no longer require quotas for interviewers and interviewees by race and gender  (“diverse slates of candidates” and “diverse panels of interviewers”).
• Ending its DEI team (renaming it to “Talent Management and Engagement”).

What other actions has Citi taken?

The bank made a few other updates that were not mentioned in the memo, but we dug up through some simple research.

• The bank deleted its annual DEI reports (you can view the most recent one from 2022 on our site here)
• The bank deleted multiple DEI web pages from its site. You can view them through Wayback Machine:
  • Diversity at Citi
  • DEI pages on the careers site
  • Addressing the US racial wealth gap
• The old DEI web pages now redirect visitors to the memo from the CEO

The now-defunct web pages highlighted a quote from CEO Jane Fraser:

The website still has hiring targets by race, gender, and country from September of 2022. 

These will likely be removed soon, though.

Summary

1. Citi ended its DEI hiring goals
2. Citi ended its DEI interview process goals
3. Citi ended/renamed its DEI team
4. Deleted multiple DEI web pages
5. Deleted its most recent DEI report from 2022

Access the best DEI benchmarking data

Citigroup is #21 on the Fortune 100. At the time of writing this article, it is one of just 8 companies on the list that has canceled its DEI team and policies.

See an in-depth analysis of every Fortune 100 DEI policy in our premium report.