After Complaints Of ‘100-Hour’ Workweeks, Goldman Sachs Is Allowing Bankers To Take Off On Saturdays

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In a voice memo late Sunday, Goldman Sachs CEO David Solomon told employees that he will enforce the 'Saturday rule,' which means that employees cannot work from 9 p.m. Friday to 9 a.m. Sunday—except in special circumstances.

, based upon the survey of analysts, showed a slide deck reflecting over 95-hour workweeks. The bankers complained of only having about five hours of sleep, starting at about 3 a.m. The young analysts said they suffered from “workplace abuse,” which adversely affected their mental and physical health. It also took a toll on their personal relationships. There were also claims of “excessive monitoring or micromanagement” and a high level of dissatisfaction in their jobs.

Solomon stated, “In this world of remote work, it feels like we have to be connected 24/7. This is not easy, and we're working hard to make it better.” The chief executive added, “We want a workplace where people can share concerns freely. We want to encourage all of you to take the opportunity to speak with your management.” Goldman said it will hire more junior bankers and reassign others from less busy divisions to alleviate the workload.

Generation-Z has shown that they have very different desires for their careers compared to Baby Boomers. They want a life and work balance. Gen-Z also desire to be at a company that shares their ethical, social and political values.

 

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They won't be getting promoted.

The banking world will work their employees to death

This headline reads like a satire piece

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HOLY SHIT THIS IS HUGE! Reform in investment banking Unheard of

There goes your slavery right there!

I thought this was a joke, sadly it’s not

good luck

Did someone just discover the 100 hour workweek?

Eat the rich

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