Goldman Sachs tells interns to take it easy and only work 17 hours a day

Goldman Sachs Group Inc. just drew a new work boundary for its summer investment-banking interns: No staying in the office overnight. In an effort to improve working conditions and to cut down on the stress caused by excessive hours, Goldman Sachs told its latest group of interns to take a break from the office — at least between the hours of midnight and 7 a.m. The maximum number of hours summer interns can work is now a "mere" 17 hours a day.
Interns aren't the first in the banking industry to be told to take it easy. Goldman Sachs recently began encouraging junior bankers to take Saturdays off, and Bank of America told junior employees to take at least four weekend days off every month. But even these constraints might not be enough to curb the stress of 100-hour work weeks, work days that end at 3 or even 4 in the morning, and little to no time off, even on the weekends. In April, an analyst on one of Goldman Sach's investment-banking teams committed suicide after grappling with the decision of whether he wanted to quit under his job's increasingly intense demands.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Groypers: the alt-right group pulled into the foreground
The Explainer The network is led by alt-right activist Nick Fuentes
-
10 concert tours to see this upcoming fall
The Week Recommends Concert tour season isn't over. Check out these headliners.
-
How to put student loan payments on pause
The Explainer If you are starting to worry about missing payments, deferment and forbearance can help
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year