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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
SuccessGoldman Sachs Group

Goldman Sachs is frustrated by many workers failing to be in the office 5 days a week and is ‘reminding’ them it’s required

By
Sridhar Natarajan
Sridhar Natarajan
and
Bloomberg
Bloomberg
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By
Sridhar Natarajan
Sridhar Natarajan
and
Bloomberg
Bloomberg
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August 22, 2023, 5:03 PM ET
Goldman Sachs CEO David Solomon.
Goldman Sachs CEO David Solomon.

Goldman Sachs, one of Wall Street’s most ardent return-to-office champions, is cracking down on laggards.

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The Wall Street giant is embarking on a fresh effort to enforce its policy of working from the office five days a week. Though revenue-producing employees have mostly returned full time, senior managers have grown frustrated by reluctance of staff in other groups constituting a significant chunk of its workforce.

“While there is flexibility when needed, we are simply reminding our employees of our existing policy,” human resources chief Jacqueline Arthur said in a statement. “We have continued to encourage employees to work in the office five days a week.

Peers like Citigroup Inc. and JPMorgan Chase & Co. have been tracking attendance and urging managers to enforce their three-days-a-week guidelines for many employees. At Citigroup, staffers were recently told they may face consequences if they don’t comply with attendance policies, potentially affecting pay. JPMorgan told employees in April that managing directors are expected to commute every day of the work week.

Goldman’s fresh effort shows that more than three years after the pandemic sent much of the industry home, even the firms most eager to refill their towers are having to cajole workers to resume their old ways. That tension can be felt across corporate America as many big firms contend with the challenges of enforcing stricter policies.

Attendance was still less than half of pre-Covid levels across 10 of the largest US business districts as of early August, according to data from Kastle Systems. That figure is roughly unchanged compared with the start of 2023.

At the Fortune Workplace Innovation Summit, Fortune 500 leaders will convene to explore the defining questions shaping the workforce of the future—delivering bold ideas, powerful connections, and actionable insights for building resilient organizations for the decade ahead. Join Fortune May 19–20 in Atlanta. Register now.
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