Garg later took a leave of absence from the company and resumed work in January. “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,” Garg said on the Zoom call. The mistake comes just months after CEO Vishal Garg, who founded the company in 2014, faced intense backlash after he laid off 900 staff members via a three-minute Zoom call. and through tomorrow in India to provide every person affected by layoffs with information about this announcement and the significant financial, healthcare and transition support Better will be providing,” the company told The Hill. “Personal, one-to-one calls will continue today in the U.S. “This was certainly not the form of notification that we intended and stemmed from an effort to ensure that impacted employees received severance payments as quickly as possible,” it added.

In a statement to The Hill, the company said that “despite careful planning, a small number of employees were unintentionally notified of their separation from the company ahead of schedule when severance payment information was made available through either our internal payroll system or their financial institutions.” He added that “anyone most directly affected by this announcement should receive a call over the coming days from a member of the Better leadership team.”

In an email to employees, Chief Financial Officer Kevin Ryan wrote that the company “had to adjust to volatility in the interest rate environment and refinancing market.” TechCrunch added that the severance package reportedly consisted of 60 to 80 days worth of pay. and India, who make up almost half of the company’s 8000 employees, are being made redundant. on March 8th, before they had been informed of the reduction.Īpproximately 3,000 workers in the U.S. The snafu occurred after the company forgot to change the date in its employee payroll app - Workday - which led to employees receiving severance checks at 12 a.m. Online mortgage lender , which laid off 900 people via a Zoom call in December, confirmed that it has laid off a “small number” of additional employees by accidentally notifying them via its payroll app.Īccording to TechCrunch, the layoffs were supposed to be announced on March 8 but were pushed back to March 9th after the information was leaked to the press.

900 people fired on zoom call