‘DEI was a hoax’ | Wells Fargo scales back DEI hiring amid Trump pressure

Wells Fargo has scrapped a key DEI hiring policy that required a diverse slate of candidates in the initial round of interviews for senior-level positions.

According to a staff memo obtained by Bloomberg News, the move aligns the bank with other financial institutions pulling back DEI commitments following criticism from Donald Trump.

The decision comes as Trump intensifies his campaign against corporate DEI programs, directing federal agencies to eliminate what he calls “illegal discrimination” in both public and private sectors.

He also urged Apple to abandon its DEI initiatives, just a day after the company’s shareholders voted to retain them.