By | Will Feuer | nypost.com
The boss of online mortgage lender Better.com laid off some 900 employees on a Zoom call — then slammed the ex-workers for allegedly “stealing from our customers” by not being productive.
Vishal Garg, the New York-based company’s CEO, struck an unapologetic tone when announcing the mass firings to affected workers on the now-viral call, a recording of which was later posted on TikTok, YouTube and other social media accounts.
“This isn’t news that you’re going to want to hear … If you’re on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated effective immediately,” he said, adding that he does “not want to do this.”
“This is the second time in my career I’m doing this and I do not want to do this. The last time I did it, I cried,” Garg said on the call.
The 43-year-old said that the “market has changed” and that the company had to slim down to remain nimble enough to adapt to the evolving housing market, which appears to be cooling after a pandemic-boosted boom — though Garg didn’t mention on the call the company’s $750 million cash infusion it got from investors last week.