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