JPMorgan Chase & Co. has changed the name of its DEI (diversity, equity and inclusion) program to DOI (diversity, opportunity and inclusion) amid political pressure by the Trump administration.
Since Trump’s inauguration in January, DEI has been increasingly eliminated from the government, federal contractors and other entities, therefore also putting pressure on agencies and companies.
JPMorgan says it has always hired based on merit and would not exclude anyone based on religious, political or personal stances.
“The ‘E’ always meant equal opportunity to us, not equal outcomes, and we believe this more accurately reflects our ongoing approach to reach the most customers and clients to grow our business,” said COO Jenn Piepzak in a statement.
JPMorgan said it will continue to uplift cultural celebrations, education and historical observances.
