Better.com CEO Launches 900 Employees Over Zoom Call • The Register


Video Running a business during the plague years was tough for many, but a brave CEO found a smart and efficient way to perform such an unpleasant task: lay off 900 employees at a time in a Zoom meeting.

In a completely senseless exercise, Better.com CEO Vish Garg gathered around 900 of his employees on a five-minute Zoom call over the month of Christmas to tell them their jobs were officially non-existent.

“If you are on this call, you are part of the unlucky group being laid off. Your employment here is terminated, effective immediately,” said the CEO.

His anti-empathy approach then allowed Garg to tell the newly unemployed that this was not the first time he had had such layoffs and that it was no easy job.

“The last time I did that, I cried,” lamented the CEO who stole Christmas, as seen in the video below which was quickly leaked.

Youtube video

Employees reported that immediately after calling the unlucky nine percent of the company could not access their computers. HR was then dispatched to clean up the mess with compensation and insurance policies.

But Garg was not finished. According to Twitter Reports, he then went to another meeting with the survivors, where he complained that the laid-off employees were dragging the company down.

Pro-business point of sale Fortune The magazine reported that Garg still had enough energy that week to write anonymous blog posts in which he publicly accused former employees of “robbing” colleagues and clients by being unproductive.

Which seems branded, given the email he once sent to staff calling some “embarrassing,” “too slow,” or “stupid dolphins.”

Better.com is an online mortgage company backed by Softbank and valued at approximately $ 6 billion. Magazine inc. ranked it among the “Best Workplaces of 2020”. Draw your own conclusions from such lists, dear readers.

In May, the company announced it was going public through a Special Purpose Acquisition Company (SPAC) – a path to public ownership that delivers the benefits without having to undergo the typical scrutiny required for float independently. As part of the PSPC deal, the company received $ 750 million in cash last week, bringing its balance sheet to more than $ 1 billion.

Requests to confirm or deny rumors that the layoffs were linked to the cash infusion were not immediately responded to by Better.com.

The company is, however, trying to talk to new employees – the company currently lists 58 open positions on its website. The reason why the deleted 900 staff members could not be transferred to these roles was not explained. Maybe the dolphins can shed some light on the situation?

Those interested in applying may want to heed Glassdoor’s recent scathing recommendations, the first of which sets the tone with the headline “Get milked for every last drop before it crashes.”

Good luck to Better.com as he tries to fill those roles in the midst of “The Great Resignation”.

Garg, my brother, read the play. And remember: He who lives by Zoom, dies by Zoom. ®


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