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CEO fires 900 Better.com staff via Zoom call


GARG1
NEW DELHI: Call it Worse.com if you will. The CEO of US-based firm Better.com, Vishal Garg, laid off 900 employees during a bizarre Zoom call, shocking the company’s staff ahead of the festive season.

Vishal Garg The sacked employees comprised about 9% of the digital mortgage lender. Reports said the lay-offs are mainly in India and the US, and that the Zoom call lasted just three minutes.

“If you’re on this call, you are part of the unlucky group being laid off. Your employment here is terminated effective immediately,” Garg said in the one-way video call on December 1. An employee filmed the call and leaked it recently on social media. 

One of the laid-off workers told this newspaper that they felt cheated and devastated, as the call came out of the blue. Garg, an abrasive executive, had once called his employees “a bunch of DUMB DOLPHINS” in a staff email.

TechCrunch speculated that the lay-offs may have been a condition for Better.com’s backers — which include SoftBank — greenlighting  a sooner-than-expected cash infusion of $750 million. (THE NEW INDIAN EXPRESS)