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‘Not great news’: US boss fires 900 employees on a Zoom call
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theguardian.comThe 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. Footage of the call was widely circulated on social media.
“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.
“The market has changed … we have to move with it in order to survive,” the 43-year-old offered as explanation. “Ultimately it was my decision and I wanted you to hear
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