Company fires 900 people over Zoom

The CEO of Better.com, an online owe lender, told a reported 900 employees connected a Zoom telephone that they were being fto go.

"If you're connected this call, you are portion of the unlucky radical that is being laid off," Better.com CEO Vishal Garg said connected the call. "Your employment present is terminated, effectual immediately."

Garg told the employees that they would beryllium entitled to 4 weeks of severance wage and a period of afloat benefits— successful summation to options for much extended coverage.

Garg blamed the evolving lodging marketplace for the layoffs, saying Better.com needs to stay "nimble."

However, Fortune reports that Garg wrote a blog station that said the laid-off workers were "stealing" from colleagues and customers by being unproductive.

Better.com reportedly got a $750 million cash infusion from investors successful November. TechCrunch says the institution was owed to person $1 cardinal connected its equilibrium expanse successful December.