New Delhi, Dec 8, 2008 : .Vishal Garg, Better.com CEO, was heavily trolled last week for laying off 900 employees during a Zoom meeting call.
The embarrassing act made headlines worldwide and spawned hundreds of memes on social networks. Garg wrote to employees, which was leaked to Blind, an anonymous community app that tracks workplaces, saying: “I failed show the appropriate amount respect and appreciation for those who were affected and their contributions to Better.Although I made the decision to layoff employees, I did not communicate it properly.I embarrassed you by doing so.
According to reports, among the affected employees was the diversity and inclusion team of the company.
According to TechCrunch, Patrick Lenihan (VP of Communications), Tanya Gillogley (head of public relations) and Melanie Hahn (head of marketing) all resigned following the Zoom layoff.
Garg laid off nearly 9000 employees after his company, a digital mortgage lender, announced that it had received a cash infusion from SoftBank and Aurora Acquisition Corp.
The company is expected go public at a valuation of $6.9 billion.
“I am sorry for the way I communicated this information.It made it more difficult.” Garg wrote an apology letter expressing his deep regret and pledging to learn from the situation and be the leader you expect of me.
An earlier Forbes article revealed that Garg was the target of lawsuits from Goldman Sachs and PIMCO for “improper and even fraud activity at two prior businesses ventures” and misappropriation of “tens of million dollars.”
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