On Friday, JPMorgan Chase Chief Operating Officer Jenn Piepszak informed employees that the company would make serious changes to its Diversity, Equity, and Inclusion (DEI) programs.
One of these changes will be replacing “equity” with “opportunity.”
"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, create an inclusive workplace for our employees and increase access to opportunities," Piepszak stated in the memo, which was obtained by Townhall.
“We’ve already streamlined our diversity programs that were managed centrally by the DOI organization which meant some programs that formerly sat in DOI are now integrated into the lines of business, Human Resources or Corporate Responsibility,” she explained further.
“Our employee groups will continue to focus on engagement, cultural celebrations, education and historical observances, and be available for all. We’re increasing connectivity between Councils, Executive Forums, Business Resource Groups, and the Diversity, Opportunity & Inclusion organization to ensure consistent operating principles and maximum impact. This means some activities, councils or chapters may be consolidated to streamline our process and engagement strategy,” she added.
Received from an insider at JPMorgan Chase.
— Libs of TikTok (@libsoftiktok) March 21, 2025
The COO sent a company-wide email saying that they are overhauling their DEI office to remove “Equity” because they want to focus on EQUAL OPPORTUNITY and not equal outcomes.
They also reinforce that they are a merit-based system and… pic.twitter.com/Nodwj6j7af
JPMorgan Chase is renaming its DEI programs to "Diversity, Opportunity and Inclusion," changing "equity" to "opportunity" to reflect a focus on equal opportunity, not outcomes, @MariaBartiromo reports. pic.twitter.com/2gZ2mo45Jt
— Josh Caplan (@joshdcaplan) March 21, 2025
That’s not all. Going forward, the company will reign in its DEI, now DOI, trainings.
JPMorgan is the latest company to announce that they will revamp DEI programs. Ever since President Donald Trump was elected, a slew of other companies have unveiled similar policies.