A former employee of investment bank Goldman Sachs has filed a $1.1 million lawsuit in London, accusing the company of promoting a “culture of bullying.” Ian Dodd, who worked as the bank’s global head of recruiting from 2018 to 2021, claims that the “dysfunctional” workplace at Goldman Sachs led to his mental breakdown. Court documents obtained by the Financial Times reveal that Dodd describes meetings filled with “high emotions, often tears,” and excessive working hours. He fell ill in 2019 but didn’t leave the firm until two years later. Dodd also alleges that colleagues frequently discussed physical violence, with comments like “take that as your first punch in the face.” Goldman Sachs, however, denies these allegations, stating that occasional instances of upset among colleagues were not frequent or usual. The bank refutes Dodd’s claims of a divisive culture and emotional meetings. The post’s request for comment from Goldman Sachs went unanswered. It’s worth noting that the bank has faced criticism in the past for its intense work environment. Sources have recently reported that top executives have been leaving due to the management style of CEO David Solomon and a division head named Marc Nachmann. The bank’s celebration of diversity through a “culture fair” was labeled ironic, given that it coincided with a settlement in a sex discrimination suit. This lawsuit filed by Dodd adds to the bank’s history of being criticized for its toxic work culture.
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