Better.com CEO fired 900 employees by Zoom call.

Discussion in 'Other News' started by Chinatown, Dec 7, 2021.

  1. Chinatown

    Chinatown Road Train Member

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    [​IMG]
    © Better.comBetter.com CEO Vishal Garg. Better.com
    • The CEO of Better.com, a digital mortgage company, laid off more than 900 employees over Zoom last week.
    • He accused "at least 250" terminated staffers of working just two hours a day, Fortune reported.
    • Better's management team reviewed employee productivity data such as missed phone calls, he said.
    Vishal Garg, the founder and CEO of the digital mortgage company Better.com, laid off more than 900 people over Zoom last week. He accused "at least 250" terminated staff members of stealing from the company by working just two hours a day, Fortune first reported.

    "You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking in 8 hours+ a day in the payroll system? They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated," Garg wrote, according to a Blind post viewed by Fortune.

    Garg confirmed with Fortune that he was behind the Blind message, adding, "I think they could have been phrased differently, but honestly the sentiment is there." Insider has also reached out to Better for any additional comment.

    Leading up to the layoffs, Better reviewed individual employee data such as the number of phone calls answered, missed, and placed, as well as client-meeting attendance, Fortune reported. The productivity rates helped inform the management team on who to keep and who to let go, Garg said.

    Shortly after the Better.com CEO laid off hundreds of employees, Garg addressed the company in a livestreamed town hall. He laid out a vision of what he called "Better 2.0," with a "leaner, meaner, hungrier workforce," according to a leaked recording of the meeting shared with Insider.

    He said he hoped to grow Better Real Estate 10 to 100 times, telling workers to expect stricter deadlines and more attentive management than before.

    "If you felt in the past that people weren't looking — well, everyone is looking now," Garg said in the meeting.

    In an interview with Fortune, Garg said terminated employees who feel they "actually had great performance" should reach out to the company.
     
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  3. Chinatown

    Chinatown Road Train Member

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    Lots of cheating going on with the 'work from home' program.
    One guy was bragging about having 3 full time jobs using the 'work from home' program.
    He put one of the jobs in his sisters name to shield himself from detection. He even admits he misses deadlines and Zoom meetings because of having 3 full time jobs. Yeah, he's stealing from 3 companies on a daily basis.
     
  4. Grumppy

    Grumppy Trucker Forum STAFF Staff Member

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    It was good while it lasted though... lol
     
    mjd4277, VinceBlack, bzinger and 3 others Thank this.
  5. VinceBlack

    VinceBlack Light Load Member

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    I worked with a guy for two years at my last company who did the same thing, had 3 remote jobs. Very rarely did he have an issue where multiple things conflicted. I really don't blame anyone for doing it. A lot of these jobs don't pay that great and on top of it most office jobs today are completely pointless. Productivity is so high that most office jobs don't require more than an hour or two a day of work. Throw in some very basic python skills and you can automate nearly anything you'd do more than once every 90 days.

    Most of these jobs are just busy work to give people some false sense of purpose. It keeps them busy so they can't think freely for themselves and question things. Of course, most can't think for themselves anyways so maybe it's a good thing. On the flip side they become extremely anxious when there is nothing to do because you always have to look busy in the office or feel guilty for not constantly working even if there is nothing else to do. Remote working has changed that and people are noticing the freedom. Definitely interesting times in the workplace ahead of us over the next few decades.
     
    Last edited: Dec 7, 2021
    Reason for edit: Accidentally posted before I was done
  6. LameMule

    LameMule Medium Load Member

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    It could be a sign that the real estate bubble has burst. Just a thought.
     
  7. VinceBlack

    VinceBlack Light Load Member

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    My guess is that most of the 250 are outbound phone sales positions that just weren't making their calls.
     
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  8. N00bLaLoosh

    N00bLaLoosh Medium Load Member

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    It's very possible that Garg is just a high strung a-hole.
     
  9. Siinman

    Siinman Heavy Load Member

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    Hell I know a lot of the brokers that was working from home was doing the same thing. Still happens now to this day with some.
     
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