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. However, they cautioned that staff should “exercise good judgment” and that casual dress would not be appropriate for every situation. A memo to staff from new CEO David Solomon and two other senior executives said that the move reflected the “changing nature of workplaces generally in favour of a more casual environment”. Over 75% of Goldman Sachs employees are expected to wear jeans or khakis, according to an internal memo. JPMorgan Chase relaxed its own dress code three years ago.
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 two other senior executives said that the move reflected the “changing nature of workplaces generally in favour of a more casual environment”. Over 75% of Goldman Sachs employees are expected to wear jeans or khakis, according to an internal memo. JPMorgan Chase relaxed its own dress code three years ago.