New-York: An Indian-American CEO of Better.com Vishal Garg fired 900 of his employees in a brutal Zoom call citing market efficiency, performance and productivity were the reasons behind the mass lay-off.
“This isn’t news that you’re going to want to hear. If you’re on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated effective immediately,” Vishal Garg, 43, told employees of the mortgage company during the Zoom call, reports said.
While addressing his employees, Garg said, “I come to you with not great news. The market has changed, as you know, and we have to move with it in order to survive so that hopefully, we can continue to thrive and deliver on our mission. This isn’t news that you’re going to want to hear. But ultimately it was my decision. And I wanted you to hear from me. It’s been a really, really challenging decision to make.”
He also mentioned during the conference call that it is the second time in his career that he had to make a decision like this. “This is the second time in my career I’m doing this and I do not want to do this. The last time I did it, I cried. This time, I hope to be stronger. We are laying off about 15% of the company for a number of reasons, the market, efficiency and performances and productivity,” he added.
Ms Kalinga