Better.com CEO Vishal Garg apologizes for how he handled firing ~900 employees, 9% of his workforce, over Zoom, as a report says Better.com is delaying its SPAC
Three Executives Quit Joshua Bote / SFGATE : Startup valued at $7B lays off hundreds on Zoom before holidays Niket Nishant / The Economic Times : Better.com CEO apologises after laying off 900 employees via Zoom call Aimee Picchi / CBS News : Better.com CEO apologizes for firing 900 workers via Zoom The Economic Times : ‘Totally wrong & heartless.’ India Inc slams Vishal Garg for firing 900 employees on Zoom meet, calls for ‘compassion & dignity at the workplace’ Noah Kirsch / The Daily Beast : Better.com Executives Flee After CEO's Viral Self-Own Nelson Aguilar / CNET : Better.com CEO apologizes for Zoom mass layoff Charles Passy / MarketWatch : Better.com CEO fired over 900 people on a Zoom call — will your next pink slip come via video? Jessica Wang / news.com.au : Vishal Garg: CEO who fired 900 employees on Zoom has allegations of fraud, further abuse claims Democracy Now : Billionaire CEO of Better.com Fires 900 Employees Over Zoom Minyvonne Burke / NBC News : Better.com CEO who laid off 900 workers over Zoom apologizes for it to current staff Mark Gongloff / Bloomberg : Need to Fire 900 People? Maybe Don't Use Zoom Dan Milmo / The Guardian : Better.com boss apologises for firing 900 staff on Zoom call Ryan Deffenbaugh / Crain's New York Business : CEO ‘deeply sorry’ after backlash to mass firing on Zoom Khaleda Rahman / Newsweek : Better CEO Vishal Garg ‘Sorry’ After Mass Firing Over Zoom: ‘I Blundered the Execution’ Emily Rella / Entrepreneur : ‘I Blundered the Execution’: CEO Issues Apology After Brutally Laying Off 900 Employees Alisha Rahaman Sarkar / The Independent : Better.com executives resign after huge backlash over leaked Zoom sacking of 900 employees Sissi Cao / Observer : Better.com CEO Apologizes to Remaining Staff After Zoom Firing Spree Tweets: @sfgate : Just days after receiving a $750 million cash infusion, a tech startup that Forbes branded in October as a “unicorn,” valued at $7 billion, laid off hundreds of employees in a manner that some online deemed “brutal.” https://www.sfgate.com/... Harsh Goenka / @hvgoenka : My heart went out to the 900 employees sacked through Zoom by Vishal Garg. Totally wrong! Do it on a one on one basis. And in person. And not before Christmas and after a $750 mn recent infusion. This is how Corporates get a heartless tag! https://twitter.com/... Dan Price / @danpriceseattle : A mortgage startup called https://better.com/ got a $750 million investment. The next day, its billionaire founder laid off 900 people in a three-minute Zoom meeting. He previously called staff “a bunch of dumb dolphins” and got a $25 million bonus. https://www.thedailybeast.com/ ... Steve Inman / @sandiegoinman : Sounds like https://better.com/ needs a Better CEO https://twitter.com/... Maxwell / @maxwellstrachan : it remains confusing to me why so many businesses communicate almost exclusively through slack, but here is the CEO of better seeing if any of his employees are interested in a house with a $9.5K monthly payment https://www.vice.com/... https://twitter.com/... Tim Marchman / @timmarchman : NEW: Internal emails, Slacks show fintech CEO who fired hundreds over Zoom menacing employees, ranting about how him being rich will help oppressed people. ("Capital ... will help us make the world a better place for blacks.") https://www.vice.com/... Maxwell / @maxwellstrachan : New: The Better CEO has, um, sent some Slacks https://www.vice.com/... https://twitter.com/... @annamerlan : Here's how you know your CEO is getting up to some wild shit in Slack: “He added that those ‘adversely affected directly by the colonization of the Americas’ should have “taken the day off if they wanted to.” https://www.vice.com/... Jason Koebler / @jason_koebler : SCOOP: We have emails of https://better.com/ CEO Vishal Garg calling top investor ‘sewage,’ slacks of him explaining how expensive it would be to declare Indigenous People's Day a holiday, asking workers to buy $1.5 million house to test a product https://www.vice.com/... M. ‘Contract Now’ Gault / @mjgault : all he had to say was “You can't take the day off” https://twitter.com/... @motherboard : “There is no power without capital,” said https://better.com/ CEO Vishal Garg in a Slack discussion about taking off Indigenous People's Day. “So please continue to help our customers and earn us our capital, and therefore our freedom. Thank you.” https://www.vice.com/... Shaan Puri / @shaanvp : have you seen this video that's going viral of the CEO laying off 900 employees in the worst-way-possible? I recorded a reaction video to it, breaking down the cringe: https://www.youtube.com/... Mary Ann Azevedo / @bayareawriter : The question on all of our minds at this point is will investors and board members tolerate this sort of behavior from Garg, or will he be forced out Adam Neumann-style? https://techcrunch.com/... Akshat Shrivastava / @akshat_world : CEO Vishal Garg of Better [dot] com fires 900 employees on a three-minute Zoom call. Lesson: the job of a corporation is to make profits. Family and culture narrative is just a facade that plays into the profits. @wolfiesmom : Curious about the bonuses/pay/stock ceo Vishal Garg and cfo Kevin Ryan et al will take home this Christmas https://twitter.com/... @friendojustice : And the corporate elite and media wonder why there's a sudden shift in the workforce. They wonder why people are resigning in mass? Why there's no loyalty? It's because of monstrously bad leaders like Vishal Garg. No one should ever use https://better.com/. https://twitter.com/... Blind / @teamblind : Perspective from a https://better.com/ employee who survived the recent layoffs. https://twitter.com/... @moreperfectus : Billionaire https://better.com/ CEO Vishal Garg laid off 900 employees in a 3-minute Zoom call. Garg received a $25 million bonus last year. The company just received a $750 million cash injection from SoftBank. https://twitter.com/... Kevin Beaumont / @gossithedog : Do not work for https://better.com/ or buy products from them. https://www.bbc.com/... https://twitter.com/...