Vishal Garg, the embattled CEO of Better.com, recently informed laid-off employees in a leaked video that the company “probably pissed away $200 million,” resulting in layoffs. Garg infamously laid off 900 people via Zoom meeting weeks before Christmas last year.
Employees at the digital mortgage lender Better.com reportedly learned that they have been laid off when their severance checks suddenly appeared in their payroll app. Last year the company’s bumbling CEO, Vishal Garg, faced massive backlash after laying off other employees via a mass Zoom meeting.
Not long after receiving a $750 million cash infusion, an online startup valued at $7 billion laid off hundreds of workers in a way many described as harsh.
