“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 continued. The CEO explained that the company was laying off roughly 15 percent of its employees, citing market efficiency, performance, and productivity as the reason behind the firings.Ī spokesman for the company later corrected Garg’s figure of 15 percent to 9 percent in a statement to SFGATE. The last time I did it, I cried this time I hope to be stronger.” “This is the second time in my career I’m doing this and I do not want to do this. It’s been a really, really challenging decision to make,” Garg said on the call. “This isn’t news that you’re going to want to hear but ultimately this was my decision and I wanted you to hear it from me. “The market has changed, as you know, and we have to move with it in order to survive,” he said, before explaining to employees on the video conference that if they were watching him, that means they have been laid off. The CEO began the call by telling his employees that he does not have “great news” for them, adding that the last time he was forced to make a similar announcement, he had been reduced to tears. The Epoch Times has been unable to verify the video footage. Video of the Zoom call was shared on social media and shows Vishal Garg, the executive, sitting behind a desk as he prepares to deliver the news to his employees. The CEO of , an online mortgage lender, fired 900 of his employees in a Zoom call just weeks before Christmas citing a “change in the market.”
0 kommentar(er)
