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Young Goldman Sachs Employees Call for 80-Hour Week

2021-03-19T14:52:41.710Z


An internal survey of young employees shows that their average weekly working time is 98 hours. A group of newly hired analysts at investment bank Goldman Sachs prepared a very formal presentation complaining about the long hours and stress of their jobs and suggesting that an 80-hour week would be more appropriate. Read also: Serial departures of several senior executives at Goldman Sachs Like a document drawn up for clients, the presentation is made up of eleven pages with figures and gr


A group of newly hired analysts at investment bank Goldman Sachs prepared a very formal presentation complaining about the long hours and stress of their jobs and suggesting that an 80-hour week would be more appropriate.

Read also: Serial departures of several senior executives at Goldman Sachs

Like a document drawn up for clients, the presentation is made up of eleven pages with figures and graphics.

It is based on a survey of thirteen first-year employees, who say they have worked an average of 98 hours per week since the start of the year and go to bed on average at 3 am.

Their mental and physical health has declined dramatically;

77% of them believe that they have been “

victims of professional abuse

”.

I can't sleep anymore because my anxiety level has exploded,

” one of them quotes in the document.

I knew that the hours would not be from 9 am to 5 am, I did not know that it would be permanently from 9 am to 5 am,

” complained another.

To “

rectify the situation

”, the presentation suggests that an 80 hour week should be “

maximum capacity

”.

Read also: The salary of the CEO of Goldman Sachs planed by 10 million after the 1MDB scandal

The presentation began circulating on social media Wednesday before being available on Twitter Thursday.

Goldman Sachs did not immediately respond to an AFP solicitation.

Source: lefigaro

All business articles on 2021-03-19

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