The CEO of online mortgage lender Better.com will be “taking time off” from his role after he abruptly fired more than 900 employees via a Zoom call last week, according to an email from the company’s board of directors to employees Friday.
Vishal Garg, who founded the company in 2016, told the employees on the call that they “are part of the unlucky group that is being laid off”.
After the mass layoffs, Garg accused the terminated employees of “stealing” from the company by being unproductive, according to Fortune, which confirmed that Garg was writing about the layoffs under an anonymous account on a professional network.
“You guys know that at least 250 of the people terminated were working an average of 2 hours a day while closing in 8
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