After remaining bullish on its work-from-home policies, Goldman Sachs has finally loosened its stance.
Recently, the company informed junior staff that they could have two extra days off this year.
However, senior workers have now been told that they would be able to “talk time off when needed without a fixed vacation day entitlement.”
In order to make it clear how much time off is expected, the company’s memo stated that all staff will need to take a minimum of three weeks off per year by 2023, which should include at least one five-day minimum vacation.
Goldman Sachs CEO David Soloman made headlines last year when he referred to remote work as an “aberration,” signaling that the company would return to pre-pandemic normalcy as soon as it was safe.
However, the change in heart seems to come as a result of workers complaining about the required full return, leading some to seek out positions at other companies that do offer flexibility.
Goldman Sachs isn’t the only banking firm that has struggled with ushering workers back into the office. Last month, JPMorgan revealed that half of its workforce would be able to adopt either hybrid or fully remote work accommodations in order to make the post-pandemic transition easier.
