Goldman Sachs chief David Solomon has rejected remote working as a “new normal” and labelled it an “aberration” instead.
Mr Solomon said the investment bank had operated throughout 2020 with “less than 10% of our people” in the office.
He wants people to be able to return to their offices to work, however, the idea is at odds with many other major firms who have suggested that working from home could become permanent.
Despite this, Mr Solomon suggested that it does not suit the work culture at Goldman Sachs.
“I do think for a business like ours, which is an innovative, collaborative apprenticeship culture, this is not ideal for us. And it’s not a new normal. It’s an aberration that we’re going to correct as soon as possible,”
He expressed his concerns about an incoming “class” of about 3,000 new recruits, who wouldn’t get the “direct mentorship” they need.
“I am very focused on the fact that I don’t want another class of young people arriving at Goldman Sachs in the summer remotely,” he said.
He continued: “I don’t think as we get out of the pandemic the overall operating mode of the way a business like ours operates will be vastly different,” he said.
However, in contrast to this, some major tech companies appear to be championing the idea of work from home arrangements – Microsoft, Facebook and Twitter have all said staff would have the option to work from home permanently.
Social media giants have also hinted that those working from home may receive less pay than those heading to San Francisco and Silicon Valley every day for work.
Editor-in-Chief | Carl D. Pearson has been involved in British politics and media from an early age, with the key knowledge of what it takes to run a news organisation for the 21st century. Mr Pearson, as Editor-in-chief, is responsible for supervising the daily tasks of publishing media and content to UNN’s website and various platforms.
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