NEW YORK (REUTERS) - Goldman Sachs Group Inc said on Tuesday (March 5) that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm's leagues of monk-shoed partners and bankers in bespoke suits.. Read more at straitstimes.com.
NEW YORK - Goldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm's leagues of monk-shoed partners and bankers in bespoke suits.
The memo sent to the bank's some 36,000 employees was penned by Chief Executive Officer David Solomon, a former investment banker who took the role in October, along with Chief Financial Officer Stephen Scherr and Chief Operating Officer John Waldron. But since 2017, the bank began relaxing its dress code for employees in the technology division and other new digital businesses. This created a divide in the workforce as clear as denim versus pinstripes.
Tuesday's announcement was also meant to bring the bank's traditional policies up to date for its younger workforce. More than 75 per cent of Goldman employees are members of the Millennial or Gen Z generations-people born after 1981."All of us know what is and is not appropriate for the workplace," the memo reads.
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