(Reuters) –Goldman Sachs Group Inc gives partners and managing directors flexibility vacation time according to a memo by Reuters. This allows them to use their time as needed rather than following a set number of days per year.

The memo, which The Telegraph reported https://www.telegraph.co.uk/business/2022/05/14/take-many-days-like-goldman-sachs-tells-bosses on Saturday, said as of May 1 it was introducing the policy, allowing staff to take time off as needed without a fixed vacation entitlement.

However, all employees would have to be able to complete the task in a minimum 15 days (or three weeks) per year according to the memo.

Goldman Sachs declined to comment.

Wall Street banks are affected by this change, as their employees often work very long hours. The move comes just two months after Goldman Sachs first-year analysts complained about being overwhelmed and threatened to quit within six month if conditions didn’t improve.