Better.com| In a scathing Zoom call on Wednesday, the company’s CEO, Vishal Garg, slammed 900 of his employees. The mass layoffs were justified, according to the Indian-American CEO, by market efficiency, performance, and productivity.
“This isn’t the kind of news you’ll be pleased to hear…
Please accept our apologies for any inconvenience this phone call has caused you. According to CNN, Vishal Garg, a 43-year-old mortgage company employee, told employees on a Zoom call that their jobs would be terminated “immediately.”
As a result of the layoffs, approximately 9% of Better.com’s workforce was laid off. According to a statement, the company’s entire diversity, equity, and inclusion team were among those laid off.
After one employee recorded the conversation and posted it online, the CEO was chastised on social media for firing employees just before the holidays.
According to Mr. Garg, who spoke to the Daily Mail, the decision to fire 900 employees was “challenging.”
If this is the second time in my career that I’ve done this, I don’t want to do it again. I burst into tears the last time I did it. “I’m hoping to be stronger,” he says. We are laying off approximately 15% of the company for a variety of reasons, including the market, efficiency and performance, and productivity.
According to a Better.com representative, the figure was closer to 9%
According to reports, Mr. Garg accused employees of being “lazy and unproductive.”
“Did you know that at least 250 of those fired worked an average of 2 hours per day while clocking 8 hours or more in the payroll system?” asks a blog post on the Blind network. In addition to you, they were stealing from our bill-paying customers,” he explained.
According to Fortune, the CEO used the alias ‘Uneducated’ when making the comments.
He has previously been a source of contention. He had previously gotten into trouble because of an email he sent to coworkers. “You’re a sluggard. I’m not sure what you’re doing here… It’s time to call it quits. “YOU ARE EMBARRASSING ME,” Mr. Garg wrote in an email obtained by Forbes.