In business news, the billionaire CEO of digital mortgage company Better.com is under fire after video circulated of him laying off 900 staffers, about 15% of its workforce, during a Zoom call.
Vishal Garg: “If you’re on this call, you are part of the unlucky group being laid off. Your employment here is terminated effective immediately.”
CEO Vishal Garg reportedly accused some of the fired employees of working just two hours a day. Soft Bank, which backs Better.com, had agreed to a $750 million cash injection as the company undergoes a merger, and Garg received a $25 million bonus last year.