Over 900 employees were fired by the CEO over a Zoom call.

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During a webinar, Better.com laid off 900 staff. The choice was difficult, but necessary, according to the company’s CFO, in order to maintain a focused team in a “radically altering” homeownership market.

The chief executive officer (CEO) of mortgage provider Better.com sacked over 900 employees via Zoom webinar. On Wednesday, CEO Vishal Garg gave a webinar in which he announced that 9% of the company’s workers would be fired off.

“If you’re on this call, you’re part of the unfortunate group that’s being laid off,” CNN reported, citing a call recording.

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Kevin Ryan, the company’s CFO, later told CNN in a statement that the “heartbreaking” decision was made to maintain a focused workforce in a “radically altering” homeownership market.

Garg, according to Fortune, accused these workers of “stealing” from their coworkers and clients by being unproductive. The CEO of the New York-based company stated in a short and emotional Zoom call that this is the second time he has made such a decision.

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Many business leaders have described job losses during the coronavirus disease (Covid-19) epidemic as “catastrophic.” Temporary layoffs were recognized as the main cause of the high unemployment rate of 14.7 percent in April of last year in the United States.

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According to the Harvard Business Review (HBR), Covid-19 has harmed the job market in a “deep and long-lasting” way. Managers are not only dealing with the stress and anguish of having to let go of a big number of employees, but many are also experiencing underlying fear about their own jobs, according to the report.

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It cited experts to say that when laying off people, managers must exhibit sympathy and try to absorb as many emotions as possible.

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