Better.com infamous for the 'Zoom Firing' episode in December is back in news again for letting go of people, this time the number is thrice as large. The embattled online mortgage company is letting go of 3000 people and reportedly the sacked employees found out as they received severance cheques before they were notified of termination.
According to a report in TechCrunch, the layoff was planned for Wednesday, March 9. But, an employee said that "they accidentally rolled out the severance payslips too early."
"In a letter posted on Better's website after the cheques were handing out the company said Tuesday's layoffs were prompted by a "dramatic drop in origination volume due to rising interest rates," said Interim President Kevin Ryan.
Ever since Vishal Garg the CEO fired 900 staff during a Zoom call, several top employees have resigned from the US-based mortgage company so far.