The chief executive of a US mortgage company has drawn criticism after he reportedly fired 900 employees on a Zoom call.
“I come to you with not great news,” Vishal Garg, CEO of Better.com, is heard saying at the beginning of the video call made on Wednesday last week…“If you’re on this call, you are part of the unlucky group being laid off. Your employment here is terminated effective immediately,” Garg continued, citing changes in the market, “efficiency” and “productivity” as the reasons behind the mass termination…
One now-former employee described the call as “three minutes tops,” in an interview with The Daily Beast…“They dumped us like trash. We were there since the beginning and worked hard for the company and for our roles,” another said.
This loan company – and Garg – say they use technology to provide a “faster and more efficient” means of home ownership. They obviously live up to their confidence in tech well enough to find a new way to notify employees they’ve just lost their job.