Goldman Sachs’ first-year bankers have complained about gruelling working conditions, forcing them to rethink their careers in finance.
An internal survey among 13 employees, leaked online, showed they averaged 95 hours of work a week and slept five hours a night.
“The sleep deprivation, the treatment by senior bankers, the mental and physical stress… I’ve been through foster care and this is arguably worse,” one respondent said in the survey, which has been seen by the BBC.
“This is beyond the level of ‘hard-working’, this is inhumane/abuse,” said another.
“We recognise that our people are very busy, because business is strong and volumes are at historic levels,” the bank’s spokeswoman Nicole Sharpe told the BBC.
“A year into Covid, people are understandably quite stretched, and that’s why we are listening to their concerns and taking multiple steps to address them.”