Overview

• JPMorgan Chase has renamed its Diversity, Equity, and Inclusion program to Diversity, Opportunity, and Inclusion, replacing 'equity' with 'opportunity' to emphasize merit-based practices.
• The bank is reducing diversity-related training and integrating some programs into other business lines such as human resources and corporate responsibility.
• Certain activities, councils, and chapters are being consolidated to streamline operations and engagement strategies.
• These changes reflect ongoing adjustments since 2023 to align with regulatory developments and market trends, including scrutiny from conservative groups and political figures like Donald Trump.
• JPMorgan reaffirms its commitment to merit-based hiring, compensation, and promotion practices without employing illegal quotas or pay incentives.