Moments after firing them, Garg also blasted the 900 sacked employees for being lazy, which was costing the company huge money. The shell-shocked employees couldn't believe Garg's words initially but soon realized that he meant what he said. We are laying off about 15% of the company for a number of reasons â the market, efficiency and performances and productivity." “We are confident in Vishal and in the changes he is committed to making to provide the type of leadership, focus and vision that Better needs at this pivotal time,” the board added."This is the second time in my career I'm doing this and I do not, do not, want to do this," he said, according to TechCrunch. In a January memo obtained by The Post, employees were informed that Garg would be “resuming his full-time duties as CEO.” The company’s board of directors said it met with Garg “several times” during his leave of absence before they approved his return. “I own the decision to do the layoffs, but in communicating it I blundered the execution. “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better,” Garg said in a message to employees. Emanuel Santa-Donato was the company’s vice president of capital markets and growth. Garg later apologized for his handling of the situation. Clips of Garg’s remarks went viral on social media platforms.Īside from the mass firing of 900 employees, Garg accused at least 250 employees of effectively “stealing” from Better due to their lack of productivity. Garg took a leave of absence following a wave of bad publicity regarding his conduct on the Zoom call. The mass exodus included Better’s vice president of communications Patrick Lenihan, head of public relations Tanya Gillogley and marketing chief Melanie Hahn. Several other executives also departed the company in December, shortly after the Zoom call went viral. In an internal memo, company executives did not say why the board members left, but claimed they “did not resign because of any disagreement with Better.” Better’s Sarah Pierce was one of the latest executives to depart. The latest upheaval came after The Post reported that two of Better’s board members, Raj Date and Dinesh Chopra, have resigned from their posts in recent weeks. Pierce and Santa-Donato couldn’t immediately be reached. The exact reasons for their departures couldn’t immediately be learned, but TechCrunch reported there was “a lot of tension” between Pierce and CEO Vishal Garg following the infamous incident in which he laid off 900 employees on a virtual call - many of whom reported to Pierce.ī representatives did not immediately respond to a request for comment. The latest to jump ship include Sarah Pierce, Better’s executive vice president of customer experience, sales and operations, and Emanuel Santa-Donato, the company’s vice president of capital markets and growth. Workers at Meta say they got paid to do zilch: ‘Hoarded us like Pokémon cards’Ī growing number of top executives are fleeing from online mortgage lender, weeks after its boss fired hundreds of workers over Zoom in a high-profile meltdown. McDonald’s lays off hundreds, cuts pay for workers, closes field offices I called a colleague a work wife and was reprimanded - is that fair? ABC News president Kim Godwin leading a ‘culture of fear’ after layoffs: sources
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