An Indian-origin CEO of an American company has fired more than 900 employees during a webinar hosted by Zoom. The company has about nine percent of laid-off employees.
The CEO fired the employees citing market efficiency, performance and productivity. According to a report, during an ‘online meeting’ at Zoom, Batter.com CEO Vishal Garg abruptly announced the dismissal of nine percent of his employees. Mortgage Lender Better.com offers a variety of services to homeowners, including home loans. Garg cited market efficiency, performance and productivity as the reasons for the layoffs, the report said.
“If you are in this webinar, you are part of the unfortunate group that is being sorted out… you are being fired with immediate effect,” he said. According to the report, the CEO said that the webinar included 900 employees who were fired just before the start of the holiday. The CEO said that the employees will receive an e-mail from the human resources department containing information about benefits and dismissal.
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