Vishal Garg, the chief executive of mortgage company Better.com has apologised for his way of handling layoffs, after his video of firing 900 people last week via a Zoom call went viral on social media. Garg was highly criticised for his move of sacking 900 employees on a Zoom call.
CEO of Better.com |Key points
1. The CEO of Better.com Vishal Garg, received intense criticism soon after his video of expelling 900 employees went viral on the internet.
2. In reaction to this the CEO said he had "blundered the execution" of communicating the layoffs.
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3."I realize that the way I communicated this news made a difficult situation worse," Mr Garg further said in a letter dated Tuesday. According to the CEO, the market, performance and productivity were the reason behind his decision to lay off employees in the US and India.
4. Better. com which offers mortgage and insurance products to homeowners through its online platform was founded in 2016 and has headquarters in New York. Better.com .
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