• About Us
  • Contact Us
  • Today Headline
  • Write for us
Today Headline
No Result
View All Result
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
No Result
View All Result
TodayHeadline
No Result
View All Result

Better.com boss apologises for firing 900 staff on Zoom call | Business

December 9, 2021
in Parenting
Reading Time: 2 mins read


The chief executive of a US mortgage company who fired 900 employees on a Zoom call has apologised for failing to show “respect and appreciation” for the staff he sacked.

The founder and chief executive of better.com, Vishal Garg, expressed contrition in a message (pdf) posted on his company’s website.

Garg said he was sorry for the way “I handled the layoffs last week” after staff uproar over the video call last Wednesday.

The 43-year-old added: “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs but in communicating it I blundered the execution.

“In doing so, I embarrassed you. I realise that the way I communicated this news made a difficult situation worse. I am deeply sorry and am committed to learning from this situation and doing more to be the leader that you expect me to be.”

According to a leaked recording of the firing call, Garg began with the message: “I come to you with not great news.” He then added: “If you’re on this call, you are part of the unlucky group being laid off. Your employment here is terminated, effective immediately.”

A now former employee on the call described the meeting as “three minutes tops”, in an interview with the Daily Beast. “They dumped us like trash. We were there since the beginning and worked hard for the company and for our roles,” another said.

Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

Better.com, a mortgage lender startup recently valued at about $7bn (£5.3bn), has also been hit by resignations among its senior team since the call, according to reports on TechCrunch and the Insider.

Garg said in his apology he would “talk more” at an all-staff company meeting, adding that Better.com’s goals for 2022 were “the metrics that matter most”.

The message ended with: “I believe in you, I believe in Better, and I believe that working together we can make home ownership better together.”

  • Trending
  • Comments
  • Latest
airplane taking off – TodayHeadline

Engine treatment can slash jet noise

Its Hammer time West Ham lift their first European trophy – TodayHeadline

It’s Hammer time! West Ham lift their first European trophy since 1965 with a 2-1 win

Best Bourbon Whiskeys 2023 SF World Spirits Competition – TodayHeadline

Best Bourbon Whiskeys 2023: SF World Spirits Competition

f9808f71 ffd2 4e90 adf1 b46ae9ddaa35 – TodayHeadline

How US-China tensions shattered Sequoia’s venture capital empire

1992271d8c8d55382f5f9145edc48574 – TodayHeadline

Street Fighter 6 Collab Makes Ryu A Sexy, Dino-Fighting Robot

Biden to Take Aim at Silicon Valley

AI Political Ads Are Here

2023 06 07T164506Z 708315926 RC2GE1A9C2MT RTRMADP 3 USA SAUDI 1686246526 – TodayHeadline

‘Enduring commitment’: Key takeaways from US-GCC joint statement | GCC News

NYPICHPDPICT000012357293 – TodayHeadline

Google tells East Coast employees to work from home over Canadian wildfires

PopularStories

1992271d8c8d55382f5f9145edc48574 – TodayHeadline
Gaming

Street Fighter 6 Collab Makes Ryu A Sexy, Dino-Fighting Robot

Biden to Take Aim at Silicon Valley
Politics news

AI Political Ads Are Here

2023 06 07T164506Z 708315926 RC2GE1A9C2MT RTRMADP 3 USA SAUDI 1686246526 – TodayHeadline
breaking news today

‘Enduring commitment’: Key takeaways from US-GCC joint statement | GCC News

NYPICHPDPICT000012357293 – TodayHeadline
Technology News

Google tells East Coast employees to work from home over Canadian wildfires

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

1992271d8c8d55382f5f9145edc48574 – TodayHeadline

Street Fighter 6 Collab Makes Ryu A Sexy, Dino-Fighting Robot

Biden to Take Aim at Silicon Valley

AI Political Ads Are Here

2023 06 07T164506Z 708315926 RC2GE1A9C2MT RTRMADP 3 USA SAUDI 1686246526 – TodayHeadline

‘Enduring commitment’: Key takeaways from US-GCC joint statement | GCC News

1992271d8c8d55382f5f9145edc48574 – TodayHeadline

Street Fighter 6 Collab Makes Ryu A Sexy, Dino-Fighting Robot

Biden to Take Aim at Silicon Valley

AI Political Ads Are Here

2023 06 07T164506Z 708315926 RC2GE1A9C2MT RTRMADP 3 USA SAUDI 1686246526 – TodayHeadline

‘Enduring commitment’: Key takeaways from US-GCC joint statement | GCC News

  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

No Result
View All Result
  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline