5/3/2023 0 Comments Vishal garg zoom video![]() In a video on YouTube, one worker said the layoffs came "out of nowhere." Christian Chapman, a former trainer at, noted that he and others were told "with a quick little video that basically said, 'I don't want to do this - you're laid off.' And then everything shut down and so that was my world yesterday. ![]() (Content warning: video includes profanity, with a viewer swearing at Garg when he announces the layoffs.) Layoffs came "out of nowhere" Meanwhile, videos posted on social media of Garg's mass firing have racked up hundreds of thousands of views, with this one on Twitter receiving more than 500,000 views as of Tuesday morning. "How long did the meeting last? Well, it was suppose to be 15 mins, Vishal did it in 5 mins and in laughable fashion." Garg sent out an email an hour before the meeting - "no background just an ominous invitation," one Glassdoor reviewer said, giving the company three stars out of five. Mr Garg refused to participate in the Forbes profile, and it’s unclear what prompted the email.īetter, which is based in New York, has offices in North Carolina, California, and Gurgaon, India.Meanwhile, is seeing a backlash on company review sites like and, with some people citing the company's "bad leadership." People who identified themselves as former employees on Glassdoor singled out the Zoom call and management as problematic. You are a bunch of dumb dolphins and…dumb dolphins get caught in nets and eaten by sharks. Vishal Garg (born 1977 or 1978) is an Indian-American entrepreneur. “You are a bunch of dumb dolphins and…dumb dolphins get caught in nets and eaten by sharks. In an email to employees obtained by Forbes last year, he was quoted as referring to his employees as “dumb dolphins”. Mr Garg wanted to make home buying faster, easier and less expensive. Mr Garg founded the company in 2014 “with the goal of re-engineering the mortgage process,” according to ’s website. “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,” Mr Ryan said in a statement. Kevin Ryan, the company’s chief financial officer, framed the cash advance and the layoffs as a company win. “That’s definitely not good no matter how they spin it,” he said. The employee who was laid off said it was an indication that the company needed “capital urgently”. The way Mr Garg chose to fire hundreds of people was jarring, the former employee said. “I was sitting here thinking, ‘What the hell?’” said the employee, who asked not to be identified for fear of retaliation. He didn’t get the email from human resources until hours later. CEO Vishal Garg reportedly fired the 900 people during a Zoom call. He told the hundreds of former employees that they would get about month’s pay and three months of benefits - all of which would be detailed in an email sent to their personal email addresses from human resources.Īn employee who was laid off told NBC News this week his company-issued computer went dark shortly after the call ended. “Um, this time, I hope to be stronger.” CEO’s apology The last time I did it I cried,” Mr Garg said. “This is the second time in my career I’m doing this, and I do not want to do this. He told employees that the decision to let them go was “challenging.” ![]() Your employment here is terminated effective immediately " "If you’re on this call, you are part of the unlucky group that is being laid off.
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