![]() ![]() On Tuesday, Garg wrote in a letter posted on the company’s website, apologized for the way he handled the layoff. Disgusting tbh”ĬEO Vishal Garg’s “dumb dolphins” (as he refers to them) now unemployed for the holiday season.Īccording to BBC, received $750 million in investment from the Japanese Softbank just last week. ![]() CEO Vishal Garg’s “dumb dolphins” (as he refers to them) now unemployed for the holiday season. Once the valuation frenzy fizzles out, you’ll all eat dirt.Īnother user who goes by the handle tweeted: “900 at let go on a webinar. Only a pathetic leader can lay off 900 employees over a 3min zoom call with no explanation or a proper farewell.This is why most startups will fail. Once the valuation frenzy fizzles out, you’ll all eat dirt.” Only a pathetic leader can lay off 900 employees over a 3min zoom call with no explanation or a proper farewell. “Shame on Vishal Garg of Better,” wrote a Twitter user, Brijraj Agarwal. ![]() But we are laying off about 15% of the company for reasons: the market, efficiency and performances and productivity.”īut Garg was widely criticized for the callous manner in which the employees were terminated, especially just days before the Christmas. This is the second time in my career that I’m doing this and I do not want to do this. It’s been a really, really challenging decision to make. Garg said, “This isn’t news that you’re going to want to hear but ultimately it was my decision and I wanted you to hear it from me. “If you’re on this call you are part of the unlucky group that is being laid off,” Garg said in the call last week. Vishal Garg, who was born in India and moved to the United States at the age of 7, founded the mortgage company in 2015. The CEO of, who fired 900 employees of the company over a Zoom meeting last week, has apologized for the “blundered execution.” Vishal Garg, founder and CEO of photo credit: ī CEO Vishal Garg says he “failed to show the appropriate amount of respect and appreciation for the individuals who were affected.”
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