Better.com chief issues apology for unprofessional staff lay...| MENAFN.COM

Saturday, 22 January 2022 06:39 GMT

Better.com chief issues apology for unprofessional staff layoff


(MENAFN) The chief executive of American digital lender Better.com, who dismissed around 15 percent of the firm’s personnel via Zoom, issued his apology to working individuals on his method of dealing with the discharge, as an internal note on unknown workplace free app Blind states.

Vishal Garg reported in the note, “I want to apologize for the way I handled the layoffs last week,” adding “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better.”

Mr Garg also stated on December 1 during the Zoom call, “If you are on this call, you are part of the unlucky group that is being laid off,” he added, “your employment here is terminated effective immediately.”

The reason behind the layoff was the market conditions and a curb in the firm’s activity, mentioned the chief executive.

Mr Garg said in the message to present workers, “I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you,” and “I realize that the way I communicated this news made a difficult situation worse. I am deeply sorry and am committed to learning from this situation and doing more to be the leader that you expect me to be.”

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