The US investment bank had already relaxed its dress code for technology staff, but is now extending the change to the rest of its 36,000 employees. A memo to staff from new CEO David Solomon and 36,000 other senior executives said that the move reflected the “changing nature of workplaces generally in favour of a more casual environment”. Over 75% of JPMorgan Chase The memo said: “All of us know what is and is not appropriate for the workplace.” ’s employees are millennials and the bank is competing with hedge funds and tech firms, which tend to offer more relaxed workplaces. Goldman relaxed its own dress code 2007 .
The US investment bank had already relaxed its dress code for technology staff, but is now extending the change to the rest of its 36,000 employees. A memo to staff from new CEO David Solomon and 36,000 other senior executives said that the move reflected the “changing nature of workplaces generally in favour of a more casual environment”. Over 75% of JPMorgan Chase ’s employees are millennials and the bank is competing with hedge funds and tech firms, which tend to offer more relaxed workplaces. Goldman relaxed its own dress code 2007 .