An ex-Goldman Sachs executive has filed a lawsuit alleging a culture of bullying at the company's London office, causing employees to cry at meetings.
The former executive, Ian Dodd, claimed that the long working hours and aggressive comments had a severe impact on his mental health.
This incident sheds light on the high-pressure workplace culture in investment banking and the ongoing discussions about work-life balance and employee well-being.
Goldman Sachs has denied the allegations made by Ian Dodd, stating that it did not impose unreasonable demands on him and provided support and wellness resources.
The bank also disputed Dodd's claim about employees crying at meetings, stating that instances of upset colleagues were not frequent or usual.
Goldman Sachs' response highlights the ongoing debate about workplace culture and the need for a healthier work environment in the finance industry.
The high-pressure workplace culture at Goldman Sachs and investment banking in general has been a subject of press coverage and litigation.
In 2021, junior bankers at Goldman Sachs described "inhumane" working conditions, prompting the bank to address the concerns of its employees.
Goldman Sachs settled allegations of discrimination against women by a former partner, paying $12 million to resolve the claims.
These incidents highlight the ongoing discussions about work-life balance, employee well-being, and the need for a healthier work culture in the finance industry.