Tuesday 5 March 2019 8:00 pm

Let it all hang out: Goldman Sachs scraps office dress code

Goldman Sachs said today that it is relaxing its employee dress code to reflect the “more casual environment” of the modern workplace.

In a memo from new chief executive David Solomon, who also DJs under the name D-Sol, the bank announced its new “firm wide flexible dress code” turning its back on the traditional banker outfit of power suits and ties.

Read more: Goldman Sachs shakes up top team as Solomon prepares to take the helm

The bank relaxed its dress code in 2017 for workers in its technology division and other digital businesses.

This created a divided between casually dressed tech-focused employees and the more traditionally attired bankers in its other business units.

The memo did not spell out which clothes are work appropriate.

Read more: Suits you: Lloyd's of London lets staff dress down

“All of us know what is and is not appropriate for the workplace,” it said.

It also reminded employees to dress “in a manner that is consistent” with client expectations. “Of course, casual dress is not appropriate every day and for every interaction and we trust you will consistently exercise good judgment in this regard.”