Showing posts with label Better.com. Show all posts
Showing posts with label Better.com. Show all posts

Tuesday, December 7, 2021

This is capitalism! Better.com CEO fires 900 employees over Zoom after getting $750 million from SoftBank

We read on CNN: "Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays.

"If you're on this call, you are part of the unlucky group that is being laid off", Garg said during a Zoom call. "The market changed, as you know, and we have to move with it in order to survive, so that hopefully we can continue to thrive and deliver on our mission,” the CEO pointed out. “This isn’t news that you’re going to want to hear. But ultimately it was my decision and I wanted you to hear from me".