financetom
Business
financetom
/
Business
/
Update: Market Chatter: Trump Administration Directs Agencies to Find More DEI Positions to Eliminate
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: Trump Administration Directs Agencies to Find More DEI Positions to Eliminate
Jan 30, 2025 8:34 AM

11:15 AM EST, 01/30/2025 (MT Newswires) -- (Updates with a US Office of Personnel Management memorandum in the fifth and sixth paragraphs.)

The Trump administration has instructed federal agencies to find more diversity, equity and inclusion workers to weed out of the government, The Wall Street Journal reported Thursday, citing a US Office of Personnel Management meeting.

In a follow-up meeting Tuesday to last week's when the OPM required federal agencies to close offices that focused on DEI accessibility and place employees of those divisions on paid administrative leave by Jan. 22, agencies were asked to identify additional staff who worked on those areas, The Wall Street Journal reported, and that employee resource groups, such as for Black or LGBTQ staff, cannot hold meetings during working hours or use government resources.

Several agencies, including the Defense Intelligence Agency and the IRS, have removed mentions of diversity from internal documents and halted associated programs, the report said.

White House press secretary Karoline Leavitt stated the initiative is intended to reestablish "a merit-based" system, The Wall Street Journal reported.

In a memorandum dated Jan. 24, the OPM said agencies can and should now start issuing reduction-in-force notices to DEI workers.

The OPM said it initially required agencies to submit written plans no later than Friday to implement the action.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ADT Stock Hits 52-Week Low - Here's Why
ADT Stock Hits 52-Week Low - Here's Why
Mar 11, 2026
ADT Inc. ( ADT ) stock plunged on Monday after the home security giant delivered mixed fourth-quarter results and issued a lackluster 2026 outlook that fell short of Wall Street expectations. While annual revenue and adjusted earnings improved, softer-than-expected guidance and revenue miss overshadowed the modest earnings beat, sending the stock to a new 52-week low. Total revenue increased 1%...
Norwegian Cruise Line Guides 2026 Profit Below Estimates Amid 'Execution Missteps;' Shares Slump
Norwegian Cruise Line Guides 2026 Profit Below Estimates Amid 'Execution Missteps;' Shares Slump
Mar 11, 2026
11:24 AM EST, 03/02/2026 (MT Newswires) -- Norwegian Cruise Line ( NCLH ) guided 2026 earnings below Wall Street's projections as the cruise operator flagged execution missteps and pricing headwinds, sending its shares lower in Monday trade. The company anticipates full-year adjusted earnings of about $2.38 per share, compared with the FactSet-polled consensus of $2.57. For 2025, adjusted EPS rose...
Miner SQM sees lithium sales jumping 15% in first quarter
Miner SQM sees lithium sales jumping 15% in first quarter
Mar 11, 2026
SANTIAGO, March 2 (Reuters) - Chilean lithium producer SQM expects first-quarter 2026 sales volumes to surpass the year-ago period by more than 15%, with quarterly volumes rising throughout the rest of the year, executives said on an earnings call on Monday. The company has already contracted more than 80% of its 2026 lithium volume and is seeing strong demand from...
Stamper Oil & Gas Changes Fiscal Year-End to Dec. 31 From June 30
Stamper Oil & Gas Changes Fiscal Year-End to Dec. 31 From June 30
Mar 11, 2026
11:24 AM EST, 03/02/2026 (MT Newswires) -- Stamper Oil & Gas ( STMGF ) on Monday said it elected to change its fiscal year-end to Dec. 31 from June 30, to align its year-end with the year-end of BISP Exploration. The company acquired BISP, which holds stakes in Namibian offshore blocks, in September. Shares of the company were last seen...
Copyright 2023-2026 - www.financetom.com All Rights Reserved