(NewsGlobal.com)- Goldman Sachs has eliminated its free coffee station as management purges the remaining vestiges of COVID-era benefits in an effort to entice employees to return to the office five days a week.
According to reports, an insider at the bank claimed that the alternative to going into the office – getting fired – should be reason enough to jump on the train and travel downtown.
Goldman CEO David Solomon has long been vocal in his opposition to employees working from home, warning as early as winter 2021 that it was not a “new normal.”
In August, Goldman informed its workers that all pandemic measures would be phased down after Labor Day, and employees would be expected to work five days a week.
The announcement was the culmination of several months of removing accommodations provided to employees to incentivize them to come into the office when they were not compelled to do so. The bank stopped providing free transportation to and from the workplace in April, as well as free breakfasts and lunches.
According to local media, one employee claimed that there was still free drip coffee in an 11th-floor lobby, but it was of worse quality and more difficult to get than the original coffee service. They also mentioned that Goldman provided bankers free cupcakes on their first day back following Labor Day.
Goldman Sachs is hardly the only bank grappling with the question of what to do with its workers and premises.
CEO Jamie Dimon allegedly informed senior personnel at JP Morgan that he wanted junior employees to be at their desks five days a week, despite an official policy requiring them to be present three days a week.
Citigroup CEO Jane Fraser, on the other hand, has maintained a restriction on Zoom calls on Fridays and still only wants staff to come into the office a few days a week without asking them to be there for the entire five days.
Bank of America CEO Brian Moynihan has stated that the bank will announce its office plans in the coming weeks.
It’s funny how the banks are now complaining about the entitled monsters they helped create.