Better.com CEO fires 900 employees over Zoom call

Dec 08, 2021
277 views
0 comments
Share
Technology

On Wednesday, around 900 employees of a real estate company Better.com were asked to attend a Zoom call. The pre-holiday call did not however come with good news. CEO Vishal Marg delivered a 3-minute speech to the employees and informed them that they were "terminated effective immediately."

Videos of this Zoom call have been posted to various social media platforms including YouTube with a source familiar with the company confirming the authenticity of the recordings. In the video, Garg is dressed in business casuals and tells the workers that the challenging decision was made by him and this is the second time he has had to lay off workers. Garg confides to the employees, "The last time I did it, I cried. This time I hope to be stronger."

Meanwhile, this video has sparked an outrage on the internet with users decrying Garg's mass layoff as "crass" and criticizing his timing just weeks before the holidays. Fired employees from better.com have been looking for new jobs while also expressing their surprise at the sudden terminations. In the video, the CEO says that this mass layoff would affect 15% of Better.com's workforce. But he misspoke according to the person who verified the video. They say that only 9% of the workforce has been affected. Officials from the company did not respond to any requests for comments.

Source: CBS News

277 views
0 comments

Tags In

Kerala

Previous days news

Dec 6 Dec 3 Dec 2 Dec 1 Nov 30

Best tech jobs in the United States : BLS data

Sep 06, 2022
527 views
0 comments
Background Checks

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Sep 06, 2022
490 views
0 comments
Background Checks

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Aug 17, 2022
558 views
0 comments
Background Checks

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

Aug 17, 2022
458 views
0 comments
Background Checks

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

Aug 10, 2022
533 views
0 comments
Background Checks

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Better.com CEO fires 900 employees over Zoom call

Better.com CEO fires 900 employees over Zoom call

Tags In

Others news

Category

Tags

Articles