Better Dot Com CEO Vishal Garg Sacked Over 4000 Employees Including Pregnant Women Without Notice

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After profusely apologising for laying off 900 employees over a shocking zoom call, Vishal Garg, CEO of better.com has done it again. And now over four times the last time around. Vishal fired 4000 employees including pregnant women in his second spell of massive layoff. The layoff ironically coincides with International women’s day!

Following a massive criticism, the online mortgage company’s CEO earlier took a month long leave post the controversial zoom firing. In his penned ‘profuse’ apology he wrote that he should have treated the fired employees with respect. Vishal rejoined as CEO last month and lo! We have season 2 of abrupt layoffs with more than 35% of the workforce being sacked without proper intimation! Adding insult to injury the company sent severance checks even before intimating about the layoffs! Reportedly the severance package is about 60-80 days worth pay!

According to TechCrunch, the layoff was supposed to happen on 8th March but was further delayed until March 9th.

The disheartened former employees took to socials to express their grievances.

One former employee is even compiling a list of laid off employees

After a massive outrage, Vishal has now offered to cover insurance for the expecting parents who were fired. Even as there’s a public outcry over the poorly mannered firings, the investors seem quite nonchalant.

Better Dot Com hasn’t been doing well off late due to macroeconomic factors. In 2021, Better Com Dom was valued at around $6 billion by softbank which also has invested $500 million in the company.

Here’s how the twitterverse expressed their concern

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Cover Image: Twitter





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