Diabytes
Better.com News
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A leaked report on Tuesday (August 23) had hinted that Better.com could be firing 250 employees on Friday, though it was not clear as to which department and which employees would be sacked in the latest round of firing.
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Pierce said that Garg provided misleading statements to investors.
Better.com has struck a deal to go public with Aurora Acquisition Corp.
Pierce worked as an executive vice-president for sales and operations.
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3,000 of employees fired in US, India.
Severance cheques came via app.
Severance package of 60 to 80 days' pay.
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Better.com has employees around the world, including in the US and India.
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The layoffs are expected to happen sometime in March.
The latest top-level resignations are from Clayton Coral, Christian Wallace, Paul Tyger, and Stephen Rosen.
At the time of the early December layoffs, Better.com had about 9,100 employees.
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According to an internal memo seen by TechCrunch, the board of directors at Better.com said it was "moving forward with strong, dynamic CEO leadership."
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Garg recently mercilessly fired 900 employees on a Zoom call.
The Zoom call recording is a viral on the internet.
Garg, however, has accepted that he blundered in the execution of communicating the decision.
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Earlier this week, employees of Better.com, a homeownership company in the US, got the rudest shock of their lives when the company's CEO Vishal Garg made lay off announcements over a Zoom Call.
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The employees Better.com’s head of marketing, head of public relations, and vice president of communications.
More employees are expected to leave the firm.
Garg had accused the employees of "stealing" from their coworkers.
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Garg apologised for his inappropriate method of laying off hundreds of staffers.
He added that he blundered in the execution of communicating the decision.
The email was leaked by a Better.com’s employee.
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Vishal Garg highlighted market efficiency, performance, and productivity as factors for the layoffs.
The CEO stated on the Zoom call that this is the second time he has made such a decision and that he did not want to do so.
He said he cried the last time he did so.
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The video recording of the Zoom call has gone viral since. Check out the shocking announcement here.
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