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'Execution blunder': Better.com CEO apologises after firing 900 employees

Better.com CEO Vishal Garg fired 900 people last week via a Zoom call

Vishal Garg Better.com CEO
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Better.com CEO Vishal Garg (Photo: better.com)

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.

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.

"I realize that the way I communicated this news made a difficult situation worse," Garg said in a letter https://bit.ly/31DnBAt dated Tuesday.

The CEO had cited the market, performance and productivity as

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)