Better.com CEO Apologizes After Firing Employees Via Zoom

Share post:

Vishal Garg, the CEO of Better.com, has publicly apologized for his poor and insensitive handling of layoffs at the mortgage company after a video of him firing 900 people last week went viral and drew scathing criticism on social media.

Garg said he had “blundered the execution” of communicating the layoffs.

“I realize that the way I communicated this news made a difficult situation worse,” Garg said in a letter released Tuesday.

The CEO reasoned that market, performance and productivity as factors leading to the decision to lay off employees in the US and India.

Better.com was founded in 2016 and is headquartered in New York. Through its online platform, Better.com offers mortgage and insurance products to homeowners.

For more information, read the original story in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

X/Twitter cracks down on criticism and suspends Irish journalist

Journalist Séamas O’Reilly has expressed disbelief and amusement after his account on X (formerly Twitter) was suspended shortly...

Tesla’s stock nosedives, making it the worst performing stock in S&P 500

Tesla, the electric vehicle giant once celebrated for its market-defying success, has hit a significant slump, becoming the...

CISOs are both anxious and see opportunities: Report

In the face of increasing pressure job satisfaction of CISOs fell compared to the previous report. But opportunities are increasing

Elon Musk: Allegation of illegal drug use concern board and investors

Elon Musk, the renowned CEO of Tesla and SpaceX, is currently embroiled in controversy following allegations of possible...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways