Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,973 members, 7,817,865 topics. Date: Saturday, 04 May 2024 at 09:39 PM

You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call - Jobs/Vacancies (4) - Nairaland

Nairaland Forum / Nairaland / General / Jobs/Vacancies / You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call (53318 Views)

May Salary Delay For Workers On GIFMIS Platform / Optimus Bank Graduate Trainee Interview On Zoom / CEO Who Fired 900 Staff On Brutal Zoom Call Faces Mass Resignation Of Exec's (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by jeff1607(m): 4:29pm On Dec 06, 2021
Penguin2:


You are talking as though it is very difficult to own a business in the US.

Compared to getting one started in Nigeria? With all things put into consideration? From permit, to tax , to welfare, insurance etc , do we take all of these into consideration when starting up small or medium businesses?

Imagine building a house in Nigeria and one here in the US, the charges one incurs over the years compared to owning one in Nigeria
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Penguin2: 5:57pm On Dec 06, 2021
jeff1607:


Compared to getting one started in Nigeria? With all things put into consideration? From permit, to tax , to welfare, insurance etc , do we take all of these into consideration when starting up a small or medium businesses?

Imagine building a house in Nigeria and one here in the US, the charges one incurs over the years compared to owning one in Nigeria

Sounds scary.

Guess that’s why not many Nigerians are into entrepreneurship in the US.
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Yoighaman(m): 6:00pm On Dec 06, 2021
rajiedreez:
The CEO of an online mortgage lender fired 900 of his employees in a brutal Zoom call - then slammed them over being so lazy they effectively 'stole' from customers.

Vishal Garg axed around nine per cent of New York mortgage firm Better.com's workforce last Wednesday, including its entire diversity, equity and inclusion team, which deals with complaints about racism and sexism in the workplace.

The blunt call saw Garg say: 'This isn't news that you're going to want to hear...If you're on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated effective immediately.'

Garg, 43, had warned what lay ahead for staff during the three minute call, telling them: 'I come to you with not great news. The market has changed, as you know, and we have to move with it in order to survive so that hopefully, we can continue to thrive and deliver on our mission.

'This isn’t news that you’re going to want to hear. But ultimately it was my decision. And I wanted you to hear from me. It’s been a really, really challenging decision to make.

'This is the second time in my career I’m doing this and I do not do not want to do this. The last time I did it, I cried. This time, I hope to be stronger. We are laying off about 15% of the company for a number of reasons — the market, efficiency and performances and productivity.' A firm spokesman later corrected the boss's figure, and said that the actual proportion of staff who'd been laid off was nine per cent.
One axed worker filmed the call and shared it online, complete with a moment where they cursed at Garg, who owns at least $1 billion in equity, as he confirmed the mass lay-offs at Better.com, whose headquarters sits in Manhattan's World Trade Center.

The unidentified male worker could be heard to say 'F**k you dude. Are you f**king kidding me?'

Garg, who is married with children, wielded the ax while blaming market fluctuations, despite a $750 million cash infusion the mortgage company received last week.

But he also hinted at issues with 'performance and productivity,' and uploaded a scathing blog post which saw him lash his staff for being idle.

He wrote: 'You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system?'

'They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated,' he added.

Garg also said market efficiency, performance, and productivity were to blame for the firings, adding that it was necessary for the company to 'move in order to survive.'

A Better.com spokesman declined to comment further on the mass-firing when approached by TechCrunch, except to correct the percentage of company that had lost their jobs during the meeting.

Better, which is backed by Softbank, received a $750 million cash infusion last week, after announcing in May it was going public through a Special Purpose Acquisition Company (SPAC). The company now has a valuation of $7 billion.


Correct. I like gutsy leaders. What has to be done must be done, irrespective of whose ox is gored.
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Carlylepneuma: 6:01pm On Dec 06, 2021
Zoom cut off zoom lay off, zoom dismissal
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Hkff: 6:48pm On Dec 06, 2021
Why
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by solonubinho(m): 7:44pm On Dec 06, 2021
Mumu CEO. Class action loading. He will pay through his nose.
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Crucialgem(m): 7:51pm On Dec 06, 2021
You people blabbing nonsense do not know a shit about running a business with just one employee talkless of someone that has more than a thousand employees
The guy had a forsight of those idiot want to ruin the company without doing nothing
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Chibuezem(m): 8:31pm On Dec 06, 2021
NoFucksToGive:


see mumu, at your ae undecided
at my what......
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by VULCAN(m): 8:39pm On Dec 06, 2021
Oga Stop it Nau

Do you think the Zoom you use is the same level as the one a billion dollar company uses for its staff


ademasta:
Can Zoom connect 900 persons at once.. undecided

1 Like

Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by mrkels(m): 9:22pm On Dec 06, 2021
ademasta:
Can Zoom connect 900 persons at once.. undecided

It’s not your regular zoom . It’s most likely zoom for business . If you were in an organization you would understand it . Sometimes my Microsoft teams meeting cal can take about 500 staff depending on who has been invited . And if it’s a podcast on teams it can handle the entire coy so more like 12, 000 staff dialing in for that call

1 Like

Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by JezCalMeJay(m): 2:38am On Dec 07, 2021
ademasta:
Can Zoom connect 900 persons at once.. undecided

Yes up to 1000people at a go

1 Like

Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by pauladonis(m): 12:26pm On Dec 07, 2021
lakesidepapa:


How can I contact you sir?

Check the book... The info is on the last page.
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Cousin9999: 12:29am On Dec 08, 2021
1. Indians are hired for these positions because they're cheap and tolerate abuse while constantly begging approval. They also use them during periods of poor performance, so a nonwhite gets the blame when things go terribly wrong.

2. Before you submit a job application, check for Indian leadership or owners. Do not submit if you find ownership or substantial leadership.

3. If your firm gets bought by Indians or appoints substantial Indian leadership, quit.

4. They should be thankful because that company no longer has anything to offer them.
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Ajibade123(m): 10:57pm On Dec 09, 2021
isaiah4life:
People like you should strive to get a degree in crime and investigation. Oil dey your head. wink


you and him needs to be checked
zoom that can even accommodate 1000 people with their subscription package
Re: You're Fired If You're On This Call, CEO Lays Off 900 Workers On Zoom Call by Excel70: 7:29pm On Dec 23, 2021
Macsjebs:
Chai
Scammer selling fake perfume at high prices to people
You will meet your Waterloo if you don't change your ways

(1) (2) (3) (4) (Reply)

Job Conditions Man Gave To Ex-Corper (Photos) / 3 Things Recruiters Hate To See On Your CV / What My Black Lips Caused Me During An Interview Today

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 24
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.