News JVTech The CEO who fired 900 people over a Zoom call ended up learning one simple thing: You have to be kinder
Published on 09/30/2024 at 11:05
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It is unlikely that former employees will return, however…
An incredible story
Vishal Garg, CEO of Better.com, became very famous after having summoned 900 employees of his company during a Zoom call and suddenly throwing them out into the street. No tact in the process. His words were: “If you are participating in this video call, you are part of the unfortunate group who are being made redundant. Your employment here ends immediately. You will receive an email from Human Resources. »
The consequences of this decision were not limited to the financial level. The CEO plunged further into the crisis by posting defamatory comments against the dismissed employees on the Bild forum. Unmasked, he was forced to leave office before finally returning. Now, he says he has undergone leadership training to regain the trust of his employees. As he said in a recent interview with TechCrunchhe has “worked very, very hard” pour be a kinder boss.
A mea culpa from the CEO was necessary
Vishal Garg was widely criticized for his handling of the layoffs, carried out without warning and in a very impersonal manner. Additionally, the layoffs came at a time when Better.com was still hiring, making them even more difficult to understand, as the remind Indian media. Recognizing his management error, the CEO publicly expressed regret for the layoffs and committed to leadership training to improve his managerial skills. He told TechCrunch he wanted to learn how to become a better leader and regain the trust of his employees.
Crédit photo : RDNE Stock project (Pexels)
Ironically, Vishal Garg prided himself on being a visionary leader, completely dedicated to customer satisfaction and business growth. However, its recent decisions seem to contradict this image. However, he realized that if he wanted his company’s consumers to be happy, he needed to make sure his employees were happy too – a basic notion nonetheless.
Better.com currently employs approximately 1,000 people. Vishal Garg’s company just went public through a merger with Aurora Acquisition Corp – the operation had been delayed for some time. Better.com’s IPO ended in financial disaster, with the stock price collapsing by more than 90% in the first hours of trading.
