“If you’re on this call, you are part of the unlucky group that is being laid off,” CEO Vishal Garg said. “Your employment here is terminated effective immediately.”
Video emerged on social media that showed the CEO of Better.com, a digital mortgage company, informing about 900 employees that they have been terminated.
Better.com's CEO Vishal Garg has been criticized for the way he fired hundreds of people. This came a week after the mortgage lender received a massive cash advance from investors.
Better.com's CEO Vishal Garg has been criticized for the way he fired hundreds of people. This came a week after the mortgage lender received a massive cash advance from investors.
Vishal Garg, the CEO of digital mortgage company Better.com, recently fired more than 900 employees via a single Zoom meeting last week, which is about 15 percent of the company's workforce. Garg later accused "at least 250" staffers of working just two hours a day.
The CEO of the mortgage company Better.com is apologizing for laying off 900 workers during a Zoom video call, saying he made a blunder and failed to show his employees respect.
"I realize that the way I communicated this news made a difficult situation worse," Better.com founder and CEO Vishal Garg wrote in an email to employees. "I am deeply sorry and am committed to learning from this situation and doing more to be the leader that you expect me to be."
"I own the decision to do the layoffs, but in communicating it, I blundered the execution. In doing so, I embarrassed you," Vishal Garg wrote in a letter.
The CEO of Better.com has apologized to 900 staff members he laid off via a three minute Zoom call, saying he "blundered" and "failed to show the appropriate amount of respect and appreciation for the individuals who were affected."
Vishal Garg, the CEO of Better.com, apologized for failing to show “the appropriate amount of respect and appreciation” for employees reportedly laid off via Zoom.
Vishal Garg, the CEO of online mortgage lending company Better.com, was forced to apologize for laying off 900 of his employees via Zoom after video of the call went viral on social media.
Three top executives at Better.com have reportedly resigned from the mortgage lender after CEO Vishal Garg received major backlash for awkwardly firing at least 900 employees over Zoom. Additional bizarre communications from Garg have leaked out, such as an email reading: "You are a bunch of DUMB DO…
By Moira Ritter Days after Better.com’s CEO unceremoniously fired 900 people over Zoom, several executives are handing in their resignation letters. Three of the companies top communications executives — Tanya Gillogley, head of public relations, Melanie Hahn, head of public relations, and Patrick L…
The chief executive of the mortgage lender Better.com has apologized for the way he laid off about 900 employees over Zoom last week, saying that he “blundered the execution.”
