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Goldman Sachs is scrapping perks like fancy coffee, free car rides. They are not alone

Akshata Kamath
Akshata KamathSep 13, 2022 | 18:05

Goldman Sachs is scrapping perks like fancy coffee, free car rides. They are not alone

Gone are the days when Goldman Sachs would tempt employees with free coffees. (Photo: Getty Images)

As employees return to the office after the long hiatus of working from home, they might find something missing: the cool office perks that they once boasted about. From free coffees to laundry and free daily car rides, US-based companies are cutting costs and scrapping perks.  

''It's time to wake up and smell the coffee'' is a phrase Goldman Sachs cannot use on its employees anymore. That's because they took the damn coffee away!

Employees return back to office after a long Covid break. (Photo: Getty Images)

Free coffee: Goldman Sachs office in Manhattan, New York, had a free 'grab and go' coffee station which had appeared at the entrance of the building during the pandemic. This was strategically placed to encourage employees to walk into the office. But not anymore. As employees made a mandatory return to their office, we bet the first thing they noticed was the absence of free coffee. Now there is free drip coffee everywhere else in the building and employees even got a cupcake on their first day, but junior bankers complain that the quality of coffee has gone down. 

Free daily car rides: Goldman Sachs offered free car rides to and from the office for employees during the pandemic. 

Photo: Getty Images

Free US Open tickets: Top employees of Goldman Sachs, JP Morgan, and Morgan Stanley have another reason to complain: they won't get free tickets to the US Open tennis championship unless they get the company a client, which was not a requirement previously. 

Free laundry and dry cleaning: Meta got rid of free office services like laundry and dry cleaning and pushed back the free dinner offering from 6 pm to 6.30 pm, which will be available after the last shuttle for commuting workers leaves the office.

Last updated: September 13, 2022 | 18:20
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