Better.com is Mass firing,  CEO Vishal Garg reportedly planning to sack 4,000 more employees this week

This would mean laying off nearly 50 percent of Better.com’s workforce which is spread across different countries such as US and India.

Vishal Garg, the CEO of Better.com, who made headlines for laying off 900 employees on a Zoom call last year, is reportedly planning to fire around 4,000 more staff this week.

This would mean laying off nearly 50 per cent of Better.com’s workforce which is spread across different countries such as US and India.

If the report is true, then Garg would be firing 4,000 employees just three months after the digital mortgage company had sacked 9 per cent of its staff during a video call that went viral on the Internet.

According to a report in TechCrunch, the layoff is believed to take place on Wednesday, March 9.

The report further revealed that the mass layoff was scheduled to take place earlier this month but the date was pushed by executives after the news was leaked.

“While the majority of its staff are in sales and operations roles, the layoff is believed to be impacting the whole company and will directly affect approximately 4,000 people,” TechCrunch reported.

Ever since Garg fired 900 staff during a Zoom call, several top employees have resigned from the US-based mortgage company so far.

After his firing video rocked the world, Garg had stepped down from his designation as the CEO of the company in December, only to return earlier this year, after “taking a short break”, to lead Better.com again.

Garg had even offered an apology after he received an intense backlash for “ruthlessly” firing 900 employees on a Zoom call without any prior notice.

In his apology note, Garg took the responsibility but had said he “blundered the execution”. “In doing so, I embarrassed you. I realize that the way I communicated this news made a difficult situation worse. I am deeply sorry and am committed to learning from this situation and doing more to be the leader that you expect me to be,” he had said.

Take a look at the video here :

The Indian-American CEO had the 9 per cent of its workforce in December 2021 just a day after Better.com announced that it had received a $750 million cash infusion from investors including.

 

Responses

Your email address will not be published.

Need Help? Chat with us

Protected by Security by CleanTalk