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After firing 900 via Zoom call, Better.com CEO steps back with immediate effect

Garg, who has come under fire following his actions at Better.com, said earlier this week he "blundered the execution" of communicating the layoffs.
Better.com Vishal Garg apologised earlier this week for his manner of handling layoffs at the mortgage company. (Better,com)
Better.com Vishal Garg apologised earlier this week for his manner of handling layoffs at the mortgage company. (Better,com)
Published on Dec 11, 2021 08:32 AM IST
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By | Written by Meenakshi Ray

Better.com CEO, who fired employees over Zoom call, issues apology: Reports

Vishal Garg, in an email to the remaining staffers, wrote that while he owns his decision, he blundered in the way it was communicated.
Vishal Garg is the founder and CEO of Better.com. (Better,com)
Vishal Garg is the founder and CEO of Better.com. (Better,com)
Published on Dec 08, 2021 10:32 AM IST
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By, New Delhi

Better.com CEO, founding partner of One Zero Capital: Vishal Garg who fired 900

Vishal Garg dropped out of the investment banking analyst program at Morgan Stanley and started MyRichUncle, which became the second-largest private student lender in the US.
Vishal Garg is the founder and CEO of Better.com. (Better,com)
Vishal Garg is the founder and CEO of Better.com. (Better,com)
Published on Dec 07, 2021 03:59 PM IST
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By | Written by Meenakshi Ray, New Delhi

CEO fires over 900 employees over Zoom call: Report

900 employees of Better.com were laid off during a webinar. The decision was gut wrenching, the company's CFO said but was taken to keep a focused workforce into a “radically evolving” homeownership market.
Representative Photo(Sanchit Khanna/HT File Photo)
Representative Photo(Sanchit Khanna/HT File Photo)
Published on Dec 06, 2021 09:47 AM IST
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By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

Respite for Biden as US layoff wave ebbs, spending ramps up

  • In a landmark for the labor market, new filings for jobless benefits last week dropped below their level before the pandemic struck, plunging to a low not hit since 1969, the government said.
Spending and incomes both rose more than expected last month.(AP)
Spending and incomes both rose more than expected last month.(AP)
Updated on Nov 25, 2021 05:03 AM IST
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