‘A surreal moment’: Fired employees share what it was like on that mass-firing ZoomBy Ramishah Maruf, CNN BusinessChristian Chapman, a former underwriter at Better.com, thought he was logging onto another of CEO Vishal Garg’s town halls. He didn’t know it would be his last call as an employee of the online mortgage company. Big moneyThe company laid off 900 employees in those few minutes, or about 9% of its staff. The mortgage industry has been fueled by refinancings, which skyrocketed during the pandemic as mortgage rates dropped to historic lows. But with mortgage rates rising and expected to go higher, that boom is slowing down.

Source: CNN December 09, 2021 08:01 UTC