NEW YORK: The CEO who last week laid off 900 employees in a single Zoom call has apologised after he attracted sharp criticism when the video was posted on social media. Vishal Garg, head of online mortgage originator Better.com, convened employees over the video streaming platform and told them “if you are on this call, you are part of the unlucky group being laid off”, according to a video posted online. In the Zoom call last week, the CEO justified the firings saying “the market has changed”. This time I hope to be stronger,” Garg said, speaking calmly and glancing at notes. Last week, Better.com announced it had received US$1.5bil (RM6.31bil) in financing from investors including Japan’s SoftBank, half of which was hitting its accounts immediately.

Source: thestar December 10, 2021 01:39 UTC