Junior bankers astatine Goldman Sachs are threatening to discontinue implicit demands that they amusement up to the bureau 5 days a week arsenic the pandemic wanes — and immoderate gripe that their bosses person been softly checking attendance.
As bonuses crossed Wall Street hit grounds highs, underlings astatine Goldman — headed by hard-charging Chief Executive David Solomon — are nevertheless stepping up complaints of “hellhole” moving conditions that person notoriously included 100-hour weeks.
Most recently, immoderate inferior Goldmanites assertion that they are being “bullied” into showing up successful idiosyncratic “5-0” — meaning 5 days moving successful the office, zero from location — and that the bullying is being orchestrated by apical managers equipped with spreadsheets.
“In GS, the apical absorption says it’s employees prime but internally they way which squad has astir successful bureau attendance,” 1 Goldman worker wrote connected the firm connection committee Blind, which verifies users’ spot of employment with the assistance of their institution email accounts.
“It’s f**ing bulls**t from apical absorption saying they are radical first,” the miffed Goldman underling added. “In our squad meeting, manager showed america the excel wherever the MDs are tracking which section has not met in-office commitments,” the staffer wrote, referring to the high-level managing directors.
Goldman employees gripe their in-office attendance is being monitored by management.
Another Goldman worker chimed in: “Apparently they are tracking everyone’s attendance and managers are getting lists of radical who person debased attendance truthful they tin bully them into coming in.”
Last year, Solomon called moving from location a pandemic “aberration,” adjacent arsenic helium drew bitter comments implicit his wont of working from the Hamptons and spending agelong weekends successful the Caribbean.
But aft asking each employees to instrumentality to the bureau 5 days a week successful June, Goldman Sachs had to locomotion it backmost aft the outbreak of Omicron successful December. The slope called each employees back again successful February.
David Solomon has been DJing crossed the state portion demanding employees enactment from the office.["Getty Images for Safe & Sound"
“David Solomon sucks,” 1 idiosyncratic griped connected Blind. “Nobody wants to beryllium successful 5-0 and plentifulness of companies are consenting to let hybrid/remote.”
Indeed, immoderate younger staffers accidental they are looking to “GTFO” of Wall Street arsenic they interrogation with tech companies which connection amended compensation and much flexibility. One said she was “negotiating with 2 FAANGs” — a remark referring to Facebook, Amazon, Alphabet, Netflix and Google that prompted different users to inquire to link offline successful the hopes they mightiness leap to tech companies themselves.
A Goldman spokesperson declined to remark for the record. A idiosyncratic adjacent to the slope disputed determination was wide frustration. “Far from a technological survey, The Post has chosen a fistful of comments submitted to an online forum nary 1 has heard of.”
JPMorgan, meanwhile, has taken a much relaxed attack than Goldman. The mega-bank headed by Jamie Dimon offers immoderate hybrid options and galore employees are allowed to enactment from location astatine slightest 1 time a week.
JPMorgan, headed by Jamie Dimon, offers immoderate employees hybrid moving conditions.
Nevertheless, employees proceed to kvetch. One said he’s moving distant until “I get fired.” Others asked whether they’d beryllium punished if they simply refused to instrumentality to the office.
“I don’t consciousness similar traveling to bureau and I privation to proceed WFH. Anyone facing immoderate enactment from manager oregon HR for not returning to office?” 1 idiosyncratic asked.
Another JPMorgan worker said she doesn’t program to spell into the bureau adjacent if it means getting cut: “Yeah… I’m moving distant until I get fired.”
JPMorgan declined to comment.
During the pandemic, banks person ramped up efforts to support inferior employees happy, doling retired the biggest bonuses connected grounds — an mean of $257,500, according to the authorities of New York — adjacent arsenic they person pledged to prosecute much unit to assistance with the workload.
Goldman and JPMorgan increased first-year wage by astir 30 percent — to $110,000. Morgan Stanley said it would boost first-year wage to $110,000, portion boutique concern slope Evercore raised first-year salaries to $120,000.