A group of freshman analysts at Goldman Sachs says they are subjected to "inhumane" working conditions at the investment bank, including working almost 100 hours a week, Reuters reported Friday.
The young bankers said the harsh working environment has them facing pressures to meet deadlines and abusive behavior from colleagues and superiors, which have severely affected their mental health.
"There was a point where I was not eating, showering or doing anything else other than working from morning until after midnight," CNN quoted one analyst as saying in the report.
The analysts presented their report to Goldman Sachs' management last month, and said it is listening to its employees' concerns and working on solutions.
"We recognize that our people are understandably quite stretched, and that's why we are listening to their concerns and taking multiple steps to address them," Goldman spokeswoman Nicole Sharpe said in remarks quoted by Reuters.
The survey is now circulating on Twitter. Its contents indicate that at least one unit of the bank is still struggling with the burnout and stressful culture that were exposed when a 22-year-old analyst committed suicide in 2015, The Guardian reported.
All respondents said the grueling hours they work has negatively affected their relationship with family and friends, while a majority said they have been the victims of workplace abuse.
Few people engaged in the grinding world of Wall Street banking would expect a normal 9 to 5 routine. But the analysts in the survey are essentially begging their higher-ups to adjust their weekly working hours to 80.
"This is beyond the level of 'hard-working. This is inhumane," one analyst said.
The newbie analysts have warned management that they will resign within six months unless conditions in the workplace improve, an internal survey shows.
