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‘Execution blunder’: Better.com CEO apologises after firing 900 employees

  Better.com CEO Vishal Garg fired 900 people last week via a Zoom call The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media. Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its workforce through the video call, said he had “blundered the execution” of communicating the layoffs. “I realize that the way I communicated this news made a difficult situation worse,” Garg said in a letter  https://bit.ly/31DnBAt  dated Tuesday. The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India. Better.com said in May it would go public through a merger with blank-check firm Aurora Acquisition Corp, in a deal that valued it at $7.7 billion. Earlier this month, the terms were amended to provide Better.com with...