Connect with us

Hi, what are you looking for?

News

Goldman Sachs CEO Says Work-From-Home is Not Permanent

**Goldman Sachs CEO Disapproves of Remote Work, Deems it Temporary**

**David Solomon, the CEO of Goldman Sachs, has described remote working as a temporary measure. He referred to it as an “aberration.”**

For the past year, working from home has been essential to protect office workers from the COVID-19 pandemic. With tools like file sharing and video calls, many companies have smoothly transitioned to remote work. This has led to discussions about whether remote work will continue post-pandemic. However, according to David Solomon, CEO of Goldman Sachs, remote work is not here to stay.

During a recent conference, Solomon stated, “For a business like ours, which thrives on innovation and collaboration, remote work is not suitable. It is not the new normal. It’s a temporary deviation that we aim to correct promptly.”

Solomon highlighted a key issue with remote work, citing that new employees struggle to receive direct guidance and mentorship from senior staff. He emphasized, “I am concerned about the impact of remote on new hires at Goldman Sachs.”

Major financial institutions, including JPMorgan Chase and Barclays, have echoed Solomon’s stance. Jamie Dimon, CEO of JPMorgan Chase, has criticized remote work for its negative impact on productivity. Barclays CEO, Jes Staley, is optimistic that widespread vaccination will lead to a swift return to office-based work.

In contrast, tech giants such as Microsoft, Facebook, and Twitter are exploring permanent remote work options. Facebook anticipates that half of its workforce could be remote within the next decade. However, reports suggest that employees located outside major tech hubs might receive lower wages, dampening enthusiasm for full remote work.


**Source:** [BBC News (World)](https://twitter.com/BBCWorld/status/1364831766561890304?ref_src=twsrc%5Etfw)

You May Also Like

News

Peloton, known for their stationary exercise bikes and treadmills, has faced significant financial challenges over the past year. The company experienced a surge in...

News

Amid the ongoing global supply chain challenges, many retailers in the United States are grappling with surplus seasonal stock, leading to increased storage costs...

News

With the continuous increase in gas prices, a decrease in consumer confidence, and the ongoing conflict in Ukraine, the European economy faces significant challenges....

News

As the demand for electric vehicles grows and the push for environmental sustainability increases, automakers are gearing up to focus more on the development...

News

Today, Brian Armstrong, the CEO of Coinbase, conveyed to his team through a company-wide email that due to declining stock and crypto values and...

News

Recently, Peiter “Mudge” Zatko, a former cybersecurity specialist at Twitter, published a whistleblowing document on the platform. Zatko highlighted several security issues with Twitter,...

News

Zelle is a popular peer-to-peer payment service that allows individuals to send and receive money, similar to apps like Venmo. It is widely used,...

News

Recently, after Chinese President Xi Jinping secured a third term, there was a sharp decline in the stock market in Hong Kong. Investors became...