As one of the most powerful company across the globe, as well as one of the most successful Investment bank and financial firm in the Wall Street, Goldman Sachs had urged its employees to have a more comfortable way of dressing in the work environment. The investment bank released an internal memo, stating that all workers should have an appropriate dress in a manner that is consistent with clients’ expectations.
In 2017, Goldman’s tech division simplified its dress code in order to balance it with their younger talents, since the firm has a 75% millennial workforce or Gen Z generations – people born after 1981. In this manner, they are ditching out the old-fashion senses and being up to date for its employees.
Driven by the campaign to a “firm-wide flexible dress code” The US bank stated that through the new approach, it is projecting a way more comfortability for the workers. They’ve expressed this further saying “Casual dress is not appropriate every day and for every interaction and we trust you will consistently exercise good judgment in this regard,” This memo was approved by the bank’s seniors, including it’s Chief executive David Solomon. The strategy escalated quickly, and it is being similarly implicated by other companies such as JP Morgan.
After 12 years on the reign as the Goldman’s chief under the command of Lloyd Blankfein, Mr. Solomon – also an electronic dance DJ. Had created its legacy for his leadership towards strong transparency while the bank made pace into retail banking.
On the other side, it can’t be denied that as one of the most influential banks in the globe, can also be the most controversial bank in the history, which faces criticisms as its role in the international financial and euro debt crises. And being famously labeled as the “great vampire” who caused great devastation in the society for its constant aggression of money.