Goldman Sachs is ditching suits in favor of a 'flexible dress code'

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Goldman Sachs is ditching suits in favor of a 'flexible dress code'
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Goldman Sachs is relaxing its dress code, but reminded employees to dress 'in a manner that is consistent' with clients' expectations.

The bank reminded employees to dress"in a manner that is consistent" with clients' expectations.

The new"firm wide flexible dress code" was announced in an internal memo, which said the shift was due to"the changing nature of workplaces generally in favor of a more casual environment." Historically known as a white-shoe investment bank, Goldman Sachs traditionally required formal business attire. But since 2017, the bank began relaxing its dress code for employees in the technology division and other new digital businesses. This created a divide in the workforce as clear as denim versus pinstripes.

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