Wall Street banks are forcing junior bankers and interns to take down TikTok videos that violate social media policies, according to the New York Post.
The Gen Z and Millennials who’ve worked at the firms like Goldman Sachs, JPMorgan Chase and Morgan Stanley have posted videos showing them partying on cruises, being served food at orientation programs and describing what life is like working at the institutions. Many of those videos have been deleted.
Major banks and investment firms have social media policies that ban personnel from filming on trading floors or sharing content about confidential information like identities of clients. They also don’t allow employees to post about issues like regulation, salaries or bonuses.
Goldman’s policy tells its workers that they’re “not anonymous online” and that their “actions can reflect negatively on the firm,” according to Bloomberg.
A new survey by UpSlide found that more than three quarters of junior bankers on Wall Street want to quit their jobs, citing demanding schedules and inability to use all of their vacation days.