Goldman Sachs Takes a Page From Netflix and Twitter on Vacation Rules

Goldman Sachs is synonymous with long hours. But now, it is telling some senior employees it won’t be capping their days off.

Goldman Sachs Group Inc., the 153-year-old Wall Street firm synonymous with long hours and a hard-charging culture, is telling some senior employees it won’t be capping their days off.

Once reserved for only a handful of technology companies like Netflix Inc . and Twitter Inc., unlimited paid time off has been adopted more broadly in the tight labor market, according to a survey from employee benefits adviser Mercer. Companies that have adopted the policy say the benefit can minimize burnout and instill a sense of trust among workers.

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