According to Insider, Allstate, Intercontinental Capital Group, Microsoft and Robinhood plan to offer jobs to hundreds of employees who were fired from Better.com in early December during a Zoom video feed. A special job fair will be organized for them so that the injured workers do not remain without work before the holidays. According to former Better.com regional director Demi Knight Clark (co-organizer of the fair), in the current environment, hundreds of free and savvy technicians who can get to work right away are an employer's dream.
The mass layoff via Zoom happened on December 1st of this year. The head of the company, Vishal Garg, read a short speech in which he said that the market is changing and the service must adapt to these changes in order to survive. This speech was attended by only those employees who were going to fire - 9% of the state, which is about 900 people. According to the workers, they were not notified in advance of the dismissal, and shortly after the end of the broadcast, they were disconnected from all work services, the equipment issued by the employer was also blocked just a few minutes after the announcement. The employees had to spend several hours to get more detailed information from the employer about the incident.
A week later (probably due to a high-profile media scandal), Vishal apologized for firing people in this way. He admitted that he chose not the best way to communicate this to people, and will certainly learn from this. But because of Vishal's reputation, no one believes in the sincerity of his statements. Due to regular scandals at work, poor attitudes towards employees and a series of lawsuits from former partners and investors, the head of Better.com has established himself as an unbalanced, unreliable and aggressive person. For example, in work correspondence, he called employees "stupid dolphins", and when testifying in the lawsuit, he promised to "burn alive" his former partner, who accuses him of stealing $ 3 million from the accounts of the jointly created company.
Despite the apology, Garg claimed that the dismissed employees "stole" money from the company - they allegedly worked only two hours a day, while they received it in 8+ hours. A month before leaving the company, the company began analyzing performance data, including the number of missed, incoming and outgoing phone calls, tracking employees who were late for meetings with a client, and other metrics. Better.com plans to continue this practice, due to the already received criticism from many of the current employees of the company.
From the very beginning of the incident, information appeared in the media that the reduction was carried out at the request of investors in exchange for a large amount of investment. Vishal recently confirmed that partner firms and investors were fully supportive of the job cuts and how the company handled the job cuts. But he did not indicate who exactly expressed approval.
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