Tuesday, December 7, 2021

Better, With Offices In Irvine, Gets Heat For Zoom Layoff, Insults

Venture-backed startup Better.com, which offers up an online mortgage service--and which has offices in Irvine--is getting widespread heat for its approach to layoffs--a three minute Zoom call, and the CEO's messages saying those laid-off employees were "stealing" from the company having allegedly working only two hours daily. The company reportedly invited 900 employees to a Zoom call last Wednesday, and then summarily told those attending that "If you're on this call, you are part of the unlucky group that is being laid off" by CEO Vishal Garg. The call was leaked online. Better is in the midst of an acquisition by a special purpose acquisition company (SPAC).

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