JPMorgan Chase & Co., led by CEO Jamie Dimon, is scaling back spending on some diversity initiatives deemed excessive and wasteful. In a town hall discussion, Dimon stated that the bank’s commitment to working with Black, Hispanic, and LGBTQ communities remains unchanged despite plans to cut costs. The decision was made due to programs going too far rather than a response to the new Trump administration.
Source: https://www.bloomberg.com/news/articles/2025-02-13/dimon-says-he-d-be-cutting-stupid-dei-costs-even-without-trump