Better.com CEO Vishal Garg Fires 900 People Over Zoom Call
NDTV
"If you're on this call, you are part of the unlucky group that is being laid off," said Better.com CEO Vishal Garg
Better.com CEO Vishal Garg fired 900 of his employees in a brutal Zoom call on Wednesday. The Indian-American CEO said market efficiency, performance and productivity were the reasons behind the mass lay-off. Vishal Garg: “I wish I didn't have to lay off 900 of you over a zoom call but I'm gonna lay y'all off right before the holidays lmfaooo”pic.twitter.com/6bxPGTemEG
"This isn't news that you're going to want to hear...If you're on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated effective immediately," Vishal Garg, 43, told employees of the mortgage company during the Zoom call, according to CNN.
The fired employees made up about 9 per cent of Better.com's workforce. Among those fired were the company's entire diversity, equity and inclusion team.
One worker filmed the call and leaked it on social media, where the CEO has received flak for firing employees right before the holidays.
