Imagine going to work one fine day and not thinking anything bad when your boss suddenly invites you and 899 other colleagues to a zoom meeting. A few minutes later you’re off your job.
What sounds a bit like a bad joke, Vishal Garg, the CEO of Better.com, actually did it to 900 of his employees. And that wasn’t the only thing he allowed himself to do. Now he has to face the consequences. You can now find out exactly what happened.
“They have […] robbed our customers«
How is it that a managing director quits nine percent of his workforce in a single zoom call? how Forbes reports Vishal Garg has attracted negative attention in the past for his habit of sending threatening letters to employees, accusing them of being slow, unproductive and incompetent.
He is convinced of itthat most of his employees would steal from the company and its customers by not working enough. He is said to have come up with the idea after having his executives collect productivity data and they noticed, among other things, an increased number of missed calls.
Vishal Garg, CEO of Better.com, has been criticized.
According to the source linked above, Garg is said to have commented as follows:
Do you know that at least 250 of the laid-off employees worked an average of two hours a day while logging more than eight hours on payroll? They robbed you and our customers
After the threatening letters and the 900 layoffs via zoom call, Garg seemed to see reason and decided to go for it misconduct excused. He has also resigned from his leadership position. It is not known whether this was done voluntarily or under pressure from other managers.
All’s well that ends well? No, because he came back with a big bang and immediately fired another 3,000 employees. Of course he made up for his mistakes learned
and no mass processing via zoom – instead he didn’t tell the employees anything about the termination. They only noticed that when the severance payment was in the account. Then they were informed about it.
Slowly but surely, Vishal Garg is getting the pay for his questionable behavior. Because thanks to the many layoffs, according to several sources, Better.com lost $50 million a month last year, as reported by techcrunch.com.
Vishal Garg (right) in a meeting with colleagues (Image: Xataka)
Vishal Garg doesn’t have a great future ahead of him, because he is about to sued for “misleading investors.”. He allegedly misrepresented Better.com’s financial health to keep investors from pulling out.
In addition, it came to light that Vishal Garg, not Better.com, took personal responsibility for compensating an investment conglomerate. Net losses of $182 million were recorded in the last quarter alone. In order to be able to bear these costs, he will probably have to sell most of his shares.
On to lighter subjects, have you ever wondered what happens when you connect 14 mice to a computer? No? Nevertheless, Nils found out for you what happens:
What happens if you connect 14 mice to a PC at the same time?
What do you think of Garg’s methods? How would you have reacted as an employee if you were fired at the same time as 899 other colleagues on Zoom? Write it to us in the comments!
