United States

Goldman Sachs is easing its historically formal dress code

Goldman Sachs is loosening up. The Wall Street behemoth issued a company-wide memo to its 36,000 employees Tuesday saying it will be relaxing its historically uptight, business-formal dress code, reports said. The internal memo detailing the new “firm wide flexible dress code,” which outlined no specifics on what is allowed, is a result of “the changing nature of workplaces generally in favor of a more casual environment,” Reuters reported, citing the memo. The unprecedented move comes as Goldman Sachs continues to compete for the country’s best talent, many of whom are opting for the more relaxed atmosphere of startup companies that offer perks and don’t require a business suit for day-to-day operations. It also would be ...