Goldman Sachs posted a Twitter poll on their employees about what they should wear for work after the investment bank had relieved their dressing requirements.
The winning choice? “Sneakers and Sweatshirts” with 38% activity. But “suit” stays steady in second position of 28%. “City uniform” was the weakest choice. A style of dress so stereotyped that it even has its own installation account.
The poll shows that even Wall Street’s toughest companies on how to dress their employees are beginning to surrender to dogma. The 150-year-old company said in a message to its employees that “there is a move to a more flexible dress.” Of course, the bank encourages all 36,000 employees to rationally choose their freer clothing style.
The tendency to loosen the job-labeling label began in the 1990s. Then the companies started to apply the so-called “casual Fridays”. The style gained strong popularity after the tech giants from the West Coast, such as Amazon and Facebook. Goldman was one of the last, who had not yet adopted a more formal style of dress.
Wall Street companies must start adapting to the competition with technology giants for youngsters who prefer not a jeans suit – even in the most professional environment.
Goldman for the first time lightened the décor of its technological and digital division in 2017. The deployment of the new policy to the other departments is part of the firm’s philosophy of constantly changing the working environment. The changes come three years after JPMorgan Chase adopted this approach.
Four years ago Barclays banned its staff from wearing jeans, flip flops and T-shirts at its headquarters in London. Goldman Sachs encourages employees to always think carefully about what to wear, even in free style. Something JP has long since introduced as a rule.
Trader Martin Nikolov