London: A former executive of Goldman Sachs has filed a lawsuit against the investment bank, alleging a “dysfunctional” work environment that had a negative impact on his mental health. Ian Dodd, the former global head of recruiting at Goldman Sachs International, is seeking one million pounds in damages in London, according to court documents obtained by the Financial Times.
Dodd began his employment with Goldman Sachs in November 2018 but became unwell in 2019 and ultimately left the firm in 2021.
According to Dodd, he fell ill one year after joining the company due to excessive work pressure.
He further claimed that it was not uncommon to witness employees expressing their distress by crying and sobbing during meetings.
In addition, Dodd accused the bank of overworking him and expecting employees to work long hours, echoing previous allegations made against the firm, as reported by the Financial Times.
However, Goldman Sachs has vehemently denied these accusations.
The bank’s defence filing stated, “Although it is true that colleagues may become upset from time to time for various reasons, it is denied that such instances were frequent or usual. We also deny the existence of a ‘culture of divisiveness’ or unpleasant infighting at the bank, as alleged or otherwise.”
The bank also refuted Dodd’s claims that “sobbing through meetings” was a common occurrence or that there was a consistently high level of emotional tension in team meetings, according to the Financial Times.
Additionally, Goldman Sachs denied allegations of employees displaying general agitation or engaging in a culture of bullying, as stated in its court defence document.
The bank further claimed that Dodd was not required to work excessive hours and that he was provided with appropriate advice and support. Furthermore, the bank denied having knowledge of Dodd’s declining health or any obligation to be aware of it, the Financial Times reported.
According to the bank, Dodd received advice from colleagues to avoid overworking and was encouraged to prioritize his well-being by reducing travel and making time for physical exercise.
