What happened to the DEI group that used to report directly to Andy. Gunjan committed to continuing to support DEI on the cltown hall, but it looks like this group has been quietly put into the HR group and retitled Community Impact and Inclusion. Not sure why there isn't any info regarding this, but seems like the bank is trying to talk out both sides of their mouth here.
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More like “we care but only to the extent required by law, and even then we’re willing to risk a bit of litigation to save money.”
Most DEI references have been scrubbed from external websites, the former chief diversity officer was pretty much demoted and folded his entire team under HR + chief social responsibility person is “retiring”. Much more to come as the bank cleans up all of the pretending to care they did over the last few years when it was convenient. Stop with the “we power human potential” cr#p and be transparent for once. The bank has to follow federal laws but folding like this sends a strong message to employees and communities saying “we care but only when we can”.
I mean we have a DEI CEO. To believe that she made it to where she is on pure merit is what she would call "nonsense" making 8 figures a year. The slumdog millionaire really has let this sh!t go to her head as though she is a legitimate CEO. Richard Davis was a CEO. This broad, on the other hand, should be serving us slurpees.
Sorry boyo, I'm just someone who knows more than you. I don't even work at the bank any longer, don't even know who greg is. I'm just here to watch the meltdown 🍿
My department was told soon after the all-company call that we are to indefinitely suspend our DEI team.
“Well, no, none of that is accurate. Liberalism is just whatever gets the most money, I think you should read up on that. Egalitarianism requires an environment that is fully equal, and I've spent enough time at the bank and employed in general that I know it's a pipe dream without enforcement mechanisms. This comment seems designed to muddy the waters and redefine words to make discourse on the subject impossible.“
How quaint, Greg is lobbying for his job!
Well, no, none of that is accurate. Liberalism is just whatever gets the most money, I think you should read up on that. Egalitarianism requires an environment that is fully equal, and I've spent enough time at the bank and employed in general that I know it's a pipe dream without enforcement mechanisms. This comment seems designed to muddy the waters and redefine words to make discourse on the subject impossible.
DEI is becoming a toxic label as people wake up to its illiberal and anti-egalitarian core. While there's still a large and vocal minority who supports it wholeheartedly companies are generally trying to manage the DEI reputational risk by renaming at rebadging it enough to keep boiling the frog of the more traditionally liberal majority.
DEI initiatives exist to protect the company from discrimination lawsuits. It may be renamed, but it has gone nowhere and will go nowhere, because the potential liability of those lawsuits is large.
DEI is a figurehead department and the entire team is dusting off their resumes as we speak.
They will slowly be phased out because they really are not part of the secret sauce.
Worthless initiative.
DEI doesn’t improve the share price anymore and the new US president axed it so it will quietly fade into the sunset. Besides WFH is one of the best ways to improve geographic diversity and is overwhelmingly preferred by minority women and single mothers who can’t afford childcare