Vishal Garg, the CEO of Better.com, fired more than 900 employees over a Zoom call last week. What is this company and why were its employees fired ?
As per the Zoom call, Garg said that lack of market efficiency, performance and productivity was the reason for the people being let go. The company’s chief financial officer Kevin Ryan, in a statement said that, “a fortress balance sheet and a reduced and focused workforce together” was needed to “play offense going into a radically evolving homeownership market”.
Meanwhile, Garg had also accused the employees of “stealing” from their colleagues and customers by being unproductive and only working two hours a day.