Goldman Sachs introduces new intern rules to curb 'work-hard' culture

Goldman Sachs is attempting to curb its excessive ‘work-hard’ culture. The investment bank has informed its latest batch of summer interns that they will have to abide by new rules.

First reported by Reuters, the new rules state that they must not arrive at the office until 7am, that they must leave by midnight, and that they must take Saturdays off. The rules will apply to all 2,900 of Goldman Sachs global summer interns.

When asked why the rules were being implemented, Goldman Sachs spokesman Michael DuVally pointed to this paragraph in the Wall Street Journal: “The Wall Street firm has been looking to improve working conditions for its youngest employees, especially within the investment bank, where unpredictable deal negotiations and the scramble to prepare client meetings can make commonplace those late nights, and occasionally all-nighters.”

In April a former Goldman Sachs employee took the bank to court for millions over ‘sex discrimination’. The bank denied the accusations, but nonetheless, settled out of court after two days.