Barclays ditches gender and ethnicity targets in US
Briefly

Barclays has decided to eliminate gender and ethnicity targets for its US employee base, aligning with political changes under Donald Trump. The UK bank's chief executive, CS Venkatakrishnan, announced this decision after a review initiated late last year regarding their diversity, equity, and inclusion strategy. While the specific US targets are on hold, Barclays maintains its commitment to global diversity goals. This shift reflects a broader adjustment to local requirements while still promoting inclusiveness within its global organizational culture.
Barclays CEO CS Venkatakrishnan announced a halt on gender and ethnicity targets for US staff, reflecting changing dynamics in diversity policies under Trump.
The review into US diversity initiatives started before Trump's election, indicating Barclays' commitment to align with local standards while maintaining global diversity aims.
Despite US targets being scrapped, Barclays continues to pursue diversity goals for its global workforce, emphasizing its dedication to inclusiveness across its global operations.
A Barclays spokesperson assured that the bank remains committed to fostering a culture that values inclusiveness and equality of opportunity, despite the suspension of US-specific targets.
Read at www.theguardian.com
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