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2021-12-09

Omg . This is so sad .

Better.com CEO apologizes after laying off 900 employees via Zoom call

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This is so sad .","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/602854153","repostId":1125383523,"repostType":4,"repost":{"id":"1125383523","kind":"news","pubTimestamp":1639006766,"share":"https://www.laohu8.com/m/news/1125383523?lang=&edition=full","pubTime":"2021-12-09 07:39","market":"us","language":"en","title":"Better.com CEO apologizes after laying off 900 employees via Zoom call","url":"https://stock-news.laohu8.com/highlight/detail?id=1125383523","media":"Reuters","summary":"(Reuters) - The chief executive of Better.com apologized for his manner of handling layoffs at the m","content":"<p>(Reuters) - The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media.</p>\n<p>Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its workforce through the video call, said he had \"blundered the execution\" of communicating the layoffs.</p>\n<p>\"I realize that the way I communicated this news made a difficult situation worse,\" Garg said in a letter dated Tuesday.</p>\n<p>The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India.</p>\n<p>Better.com said in May it would go public through a merger with blank-check firm Aurora Acquisition Corp, in a deal that valued it at $7.7 billion.</p>\n<p>Earlier this month, the terms were amended to provide Better.com with half of the $1.5 billion committed by SoftBank immediately, instead of waiting till deal close.</p>\n<p>Founded in 2016 and headquartered in New York, Better.com offers mortgage and insurance products to homeowners through its online platform.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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