‘Oh my god, I can’t believe this. This is not real. Oh no, this can’t be happening,’ an employee can be heard saying in a clip of the call
The chief executive of a US-based digital mortgage lending company fired 900 people on a Zoom call ahead of the holiday season, it has been reported.
About 15 per cent of the company’s employees in the US and India were abruptly laid off as part of the cost-cutting exercise, Vishal Garg, the head of Better.com, can be heard saying in the video call that reportedly took place last week. A recording of the call, which has not been verified, was widely shared on YouTube.
“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,” Mr Garg can be heard telling the employees.
“This isn’t news you are 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 I’m doing this and I do not, do not want to do this. The last time I did it, I cried. This time I hope to be stronger,” Mr Garg said.