Following on from the CEO who brutally sacked 900 of his employees over Zoom earlier this week, executive members of staff have started to resign. You can watch the Zoom call below:
Vishal Garg, CEO of New York based online mortgage firm Better.com, told his employees that they were so lazy and unproductive that they were effectively 'stealing' from customers.
Advert
On the three minute call, which was filmed by a members of staff, the 43-year-old sacked nine percent of the firm's workforce.
He's now apologised for what happened and said he made a 'difficult situation worse'. Despite that, three of his senior executives are now believed to have handed in their resignation.
According to Insider, head of public relations, Tanya Gillogley; head of marketing, Melanie Hahn; and vice president of communications, Patrick Lenihan, have all handed in their notice.
Advert
There are also believed to be more resignations expected following the controversial decision which saw Garg get rid of the entire diversity, equity and inclusion team which deal with complaints of racism and sexism.
When he apologised to the remaining staff members, Garg said in an email that he 'failed to show the appropriate amount of respect and appreciation for individuals who are affected and for their contributions to Better.'
He went on to say in the email: "I own the decision to do the layoffs, but in communicating I blundered the execution. In doing so, I embarrassed you.
Advert
"I realize that the way I communicated this news made a difficult situation worse.
"I am deeply sorry and am committed to learning from the situation and doing more to be the leader that you expect me to be."
One of the workers filmed that call as it was happening, sharing the moment that they were sacked, as well as cursing their CEO for doing it.
Advert
Whilst Garg cited market fluctuations for the decision, he also hinted towards ‘performance and productivity’ problems in a later blog post.
He said: “You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system?
“They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated.”
Advert
In a later statement, Garg said: “Having to conduct layoffs is gut-wrenching, especially this time of year.
“However, a fortress balance sheet and a reduced and focused workforce together set us up to play offense going into a radically evolving homeownership market.
“I think they could have been phrased differently, but honestly, the sentiment is there.”
LADbible has contacted Better.com for a comment.
Featured Image Credit: Instagram