Goldman Sachs removes the word 'Black' from diversity programs as Trump continues to pressure companies to end DEI
Source: The Independent
Saturday 03 May 2025 07:17 EDT
Goldman Sachs has reportedly scrubbed mentions of race from a company webpage and tweaked a program founded to invest in Black women, as Wall Street continues to back away from diversity, equity, and inclusion operations amid the Trump administration’s attempts to end such initiatives across the public and private sector.
The Wall Street giant eliminated uses of the word “Black” on a page about its One Million Black Women program, a $10.1 billion commitment to help close the racial wealth gap, and has refocused the program to cover low- and moderate-income populations in general, The Wall Street Journal reports.
As part of the change, lines in company materials about the program have been cut, including a section that once touted $39.4 million in philanthropy that the bank said was “laying the groundwork to impact the lives of over 300,000 Black women.”
Elsewhere, Goldman’s “Black in Business” education program now describes itself as a way to help business founders “stay in the black,” a term for being profitable. Company sites associated with the programs still feature photos of Black women, as well as links to research on subjects like “Black Womenomics.”
Read more: https://www.the-independent.com/news/world/americas/goldman-sachs-trump-diversity-black-b2744065.html
"Cancel culture" on steroids.

kysrsoze
(6,322 posts)“Fuck off.”
IronLionZion
(48,968 posts)why is a US president telling corporations what to do?