New York: Better.com chief executive apologized for handling layoffs in a mortgage company after the video he fired 900 people last week through zoom calls going viral on social media.
Vishal Garg, who has been intensely criticized after the company supported by Softbank put about 9% of the workforce through video calls, saying he has “executed” to communicate layoffs.
“I realized that the way I communicated this news made a difficult situation worse,” Garg said in a letter on Tuesday.
The CEO has quoted markets, performance, and productivity as an excuse behind the decision to dismiss employees in the United States and India.
Better.com said that in May it would go public through a merger with an empty check company Aurora Acquisition Corp., in agreement that appreciated $ 7.7 billion.
Earlier this month, the terms were amended to provide more good.com with half of $ 1.5 billion carried out by Softbank immediately, instead of waiting for the lid.
Established in 2016 and headquartered in New York, Better.com offers mortgage and insurance products to homeowners through its online platform.