About 900 employees of real estate company Better.com were asked to attend a Zoom call on Wednesday. But rather than offering a holiday message to workers, CEO Vishal Garg delivered a 3-minute speech informing attendees they were "terminated effectively immediately." Videos of the Zoom call have been posted on social media networks and YouTube, with a source familiar with the company verifying the authenticity of the recordings. In the video, Garg sits at a white table, wearing a business-casual outfit of slacks, a shirt and a blue vest, and tells the workers that the "challenging decision" is his — and that it's the second time he's had to lay off workers. "The last time I did it, I cried," Garg confides to the fired employees. "This time I hope to be stronger." The Zoom call is sparking outrage on social media, with professionals on LinkedIn decrying Garg's delivery as being "crass" and criticizing the announcement and its timing, coming just weeks before the holidays. On LinkedIn, fired workers are asking for leads on new jobs, while also expressing their surprise at the sudden terminations. In the video, Garg says the layoffs impact 15% of the company, but he misspoke, according to the person familiar with the company, who said they impact about 9% of the company's workforce. Officials at Better.com didn't respond to requests for comment. The layoffs may also have come as a surprise given that Better.com . . . read the full article here.
Keywords: garg, workers, bettercom, youtube, preholiday, fires, fired, zoom, company, layoffs, 900, video, ceo, employees
DATE: 2016, Christmas, Wednesday, just days, yesterday, the past year, the beginning of the year
TIME: minutes, seconds, 3-minute
MONEY: $750 million
PERCENT: 15%, about 9%