Video appeared on social media showing the CEO of Better.com, a digital mortgage company, informing about 900 employees that they have been laid off.
Vishal Garg, the manager, could be seen in the video behind a desk trying to tell the staff. He tells them he does not have “good news”, and said that the last time he was forced to make a similar announcement, he cried.
“The market has changed, as you know, and we have to keep up with it to survive,”[ads1]; he said. He told the staff at the video conference that if they watched him, it means they are laid off. About 9% of the company was released, reports said.
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Sacramento Bee reported that the company has offices in three states and has just received a cash infusion of $ 750 million. The newspaper said the company is valued at around $ 7 billion. The company did not immediately respond to an email from Fox News after business hours for comment.
SFGate.com reported that one of the employees who filmed the video conference could be heard saying, “F — k you, dude.”
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Kevin Ryan, the company’s CFO, told the website that “having to lay off layoffs is unparalleled, especially at this time of year, but a fortress balance and a reduced and focused workforce together enabled us to commit crimes and enter into a radical development. home ownership market. “