The Goldman Sachs headquarters building in New York, U.S., on Monday, Jan. 17, 2022. Goldman Sachs slumps as much as 8.9% on Tuesday, the most since June 2020, after its fourth-quarter trading revenues came in lower than expected, dragged down by an 11% decline in its equities business. Photographer: Victor J. Blue/Bloomberg via Getty Images

Goldman Sachs, fighting a war for talent amid scrutiny of the bank’s notoriously grueling work culture, is implementing a more flexible vacation policy to help staff “rest and recharge.”

Senior bankers will now be able to take as many vacation days as they need, Goldman Sachs (GS) said in a memo to staff that was shared with CNN Business. And starting next year, all staff “will be expected to take a minimum of 15 days” away from work each year.

Bankers who haven’t yet made partner or managing director will remain on a fixed vacation allotment but will be granted two extra days starting next year.

“As a firm, we are committed to providing our people with differentiated benefits and offerings to support well-being and resilience,” the memo reads.

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