One CEO who hit headlines for a horrifying mass firing during the festive season may just be hit with a major dose of karma.
Christmas can be difficult for those who unexpectedly become unemployed…
And this story contains 900 of these unfortunate souls.
No way, nobody would fire 900 people right before Christmas, would they? And if they did, they’d do it with a little bit of compassion, right?
We’re sorry to say but this really happened, and it was brutal, as well.
The CEO of Better.com, a mortgage firm based in New York, called a meeting with over 900 employees, and the news he gave them wasn’t all too pleasant…
Telling them that they’re no longer going to be a part of the firm going forward.
However, it wasn’t just the fact that forty-three-year-old Vishal Garg, the CEO of the firm, fired his employees so close to Christmas, but the way he fired them.
And 1 of the employees actually recorded it, sharing it on the TikTok platform.
“Hi everyone. Thank you for joining,” the CEO started off in the zoom call.
“I come to you with not great news,” he continues.
Well, it’s always reassuring when the CEO of a company says that to you, isn’t it?
“The market has changed, as you know, and we have to move with it in order to survive, so then hopefully we can continue to thrive and continue our mission,” he told his 900 employees.
No problem so far, right? In fact, it sounds kind of motivating.
Well, you won’t be thinking that way for long, so keep scrolling to find out exactly what he had to say…
But 1st, let’s see what people had to say about his decision to fire 900 employees. Yikes.
And so, the moment you’ve been scrolling for…
Let’s hear it for the least empathetic way to tell your staff that they’re not going to have a job for Christmas.
“This isn’t the news you’re going to want to hear,” he continued with his speech.
“But ultimately it was my decision and I wanted you to hear it from me.
“It’s been a really challenging decision to make. This is the 2nd time in my career that I’m doing this, and I really do not want to do this.”
He then said to the people he was laying off that: “The last time I did this I cried. This time I hope to be stronger.”
Vishal, the CEO of a $7.7 billion company, with a net worth estimated to be around the $4 billion mark, as per The Focus, announced to his 900 employees that he wanted to be stronger in telling them that they no longer had a job with Better.com.
And then, just like that, he came out with it:
“We are laying off about fifteen percent of the company, for a number of reasons.”
Resulting in the person behind the camera whispering: “Motherf*cker.”
“A market deficiency, and productivity,” he explained, “If you’re on this call, you are part of the unlucky group that is being laid off.”
“Your employment here is terminated effective immediately.”
“I wish the news was different, I wish that we were thriving enthusiastically everywhere. But, that’s not the case, and I’m sure you will leave us and be more successful, more fortunate, and luckier in your next endeavor,” he finished off.
And if you want to see the video for yourself… Here it is.
But now it seems the CEO may be about to suffer the same fate …
As a new letter obtained by Vice reads…
“Vishal will be taking time off effective immediately. During this interim period, Kevin Ryan as CFO will be managing the day-to-day decisions of the company and he will be reporting to the Board. As well, the Board has engaged an independent 3rd party firm to do a leadership and cultural assessment. The recommendations of this assessment will be taken into account to build a long-term sustainable and positive culture at Better.
“We have much work to do and we hope that everyone can refocus on our customers and support each other to continue to build a great company and a company we can be proud of.”