WATCH: CEO Tells 900 Employees They’ve Been Let-Go During Zoom Call
Days after a $750 million cash infusion, the tech company labeled as a "unicorn" by Forbes just two months ago laid off hundreds of employees in a manner that some online deemed "brutal."
Better.com, an online mortgage lender laid off 900 employees during a mass Zoom call in which only the people losing their jobs were invited.
The surprising shift comes just after the company announced they're going public earlier in the year.
“I come to you with not great news,” CEO Vishal Garg said in the video, which has since blown up on TikTok. “The market has changed, as you know, and we have to move with it in order to survive.”
“This isn’t news you’re gonna wanna hear, but ultimately it was my decision and I wanted you to hear it from me,” Garg added. “The last time I did this, I cried. This time, I hope to be stronger.”
Something about hearing your boss say the last time he said something he wants you to hear from him that made him cry is a bit unsettling.
“If you’re on this call, you are part of the unlucky group that is being laid off,” Garg said, citing “market efficiency, performances, productivity” among the reasons for the layoffs.
Obviously infuriated, the person recording the video on TikTok can be heard saying "F**k you, dude."
Garg was kind enough to offer his hopes that those who got laid off would be “more successful, more fortunate, and luckier in your next endeavor.”