Poll: Are traditional business dress codes outdated?

Investment banking behemoth Goldman Sachs has embraced Silicon Valley’s dressed-down look.

By Conor McMahon Deputy editor, Fora

INVESTMENT BANKING BEHEMOTH Goldman Sachs has decided to ditch the power suit at its new San Francisco office.

In a bid to woo workers from online giants like Google and Amazon – long-time fans of the runners-and-T-shirt look – the bank has relaxed the dress code for its new personal loans outfit, Marcus by Goldman Sachs.

The news was broken in a Bloomberg interview with Jeff Winner, the head of Marcus’s engineering team who previously worked for Silicon Valley darlings Twitter, Uber and Stripe.

The novelty of wearing a T-shirt to work has pretty much worn off at this stage. A recent survey by UK hospitality company Travelodge suggested that just one in 10 Brits wear a suit to work.

In a recent Financial Times column, Pilita Clark explored the death of traditional dress codes and noted that there are times when the “dwindling rules for workwear” are unhelpful.

Without a solid set of rules, she argued that it can be difficult to know what exactly to wear in certain situations, like meeting an important person.

With that in mind, we’re asking Fora readers this week: Are traditional business dress codes outdated?