A boss has come under fire after sacking around 900 members of staff at once during a Zoom call, just weeks before Christmas, the BBC has reported.
Vishal Garg, the chief of US based mortgages firm Better.com, told shocked staff that they were “part of the unlucky group” having their employment terminated immediately, following news that the firm was struggling financially and needed to cut around 15% of its workforce.
During the call, Garg told staff: "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 it from me. It's been a really, really challenging decision to make. This is the second time in my career that 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. But we are laying off about 15% of the company for [a number of] reasons: the market, efficiency and performances and productivity.
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