Better.com CEO defends decision of firing 900 staff on Zoom call, says THIS
Zee News
Vishal Garg highlighted market efficiency, performance, and productivity as factors for the layoffs.
New Delhi: For hundreds of employees, it was a Zoom termination call from hell. According to a CNN report, Vishal Garg, the chief executive officer (CEO) of mortgage provider Better.com, fired over 900 employees over a Zoom call. On Wednesday, he held a Zoom webinar in which he announced that 9% of the company's staff would be laid off.
According to CNN, the CEO said on the call, "If you're on this call, you're part of the unfortunate group that is being laid off." "Your employment here is now terminated," he added.
Vishal Garg highlighted market efficiency, performance, and productivity as factors for the layoffs. According to Fortune, Garg accused these employees of "stealing" from their coworkers and clients by being inefficient and barely working two hours per day.
