Goldman Sachs cancels ‘Summer Fridays,’ desires staff in workplace 5 days per week

“While there is flexibility when needed, we are simply reminding our employees of our existing policy,” human sources chief Jacqueline Arthur mentioned in a press release to The Post.

“We have continued to encourage employees to work in the office five days a week.”

The renewed emphasis comes as Goldman’s
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-1.02%
Wall Street headquarters was described as “totally dead” on Fridays now that interns have gone and numerous staff decide to work remotely to get an early begin on the weekend, sources instructed The Post. 

Solomon, who has been dogged by important protection because the financial institution’s earnings have sagged this yr, has taken nice delight in bringing staff again to the workplace.

However, the prodding proper earlier than Labor Day didn’t sit properly with lots of the agency’s staff.

“I think David’s really missing (another) trick if he thinks sending out that five-day note at this point will gain friends,” one worker who insisted he has no plans to observe the coverage instructed The Post.

Other sources mentioned it was aggravating that strict attendance could be such a precedence when the morale on the financial institution is already so dismal. 

Others famous that Goldman’s comparatively excessive attendance — in comparison with different banks like Citi
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-2.50%
and JPMorgan
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-2.07%
— hasn’t appeared to profit the corporate.

Goldman, whose earnings had been down 58% in the newest quarter, faces a number of investigations into its disastrous dealing with of advising Silicon Valley Bank earlier than its collapse, took a drastic write-down of its Greensky acquisition and is contemplating a sale of its funding advisory unit.

Another supply mentioned the push from high administration was pointless since most staff had been prone to return on their very own accord after Labor Day.

This report initially appeared on NYPost.com.