900 People Fired on Zoom Call: CEO's Regrettable Decision Sparks Outrage

Vishal Garg, the CEO of mortgage startup Better.com, recently made headlines for laying off 900 employees on a Zoom call just before the holiday season. The shocking decision sparked outrage and criticism from many, with some labeling it as 'heartless' and 'cold.'

The mass layoff was conducted via a video conference, where Garg informed the affected employees that they were part of an unlucky group being laid off and their employment was terminated effective immediately. The news was met with disbelief and anger, with many feeling that the CEO's tone was insensitive and uncaring.

In the aftermath of the layoff, Garg faced intense criticism for his handling of the situation. Many felt that he had failed to show empathy or compassion towards the employees who were losing their jobs, particularly during the holiday season. The incident sparked widespread outrage on social media, with many calling for him to be held accountable for his actions.

In a subsequent statement, Garg apologized for the decision and acknowledged that he had 'blundered the execution.' He also took responsibility for the layoffs, saying that he owned the decision but had not handled it well. However, this was too little too late for many who felt that the damage had already been done.

The incident has sparked a wider debate about corporate culture and leadership, with some questioning whether CEOs like Garg are truly committed to prioritizing their employees' well-being. The situation has also raised concerns about the impact of layoffs on mental health and employee morale.

In response to the backlash, Better.com's board has announced plans to expand the company's leadership team, including the appointment of a new chairman, president, and chief human resources officer. While this move may help to restore some confidence in the company's direction, it remains to be seen whether Garg will ultimately face consequences for his actions.

For many, the incident serves as a reminder that even in today's digital age, effective leadership requires more than just technical skills – it also demands empathy, compassion, and a willingness to put people first. As the dust settles on this regrettable episode, one thing is clear: the world of business needs leaders who prioritize their employees' well-being above all else.

900 people fired on zoom call