CEO fires 900 employees over zoom call (unemployment, regular, March, insurance)

[albert648]

Originally Posted by MPowering1

That, and I've never been in favor of letting people go before the holidays. You waited this long, you can wait until January.

Especially if you just raised close to a billion dollars in funding.

[mkpunk]

Originally Posted by CrowGirl

For those of us that are not going to risk watching a video linked by a poster that joined today, could someone who has watched share the same of the company involved?

There already was a thread in the Current Events forum started an entire day before this thread was even created.

Originally Posted by Joe the Photog

Reports: CEO fires 900 employees over Zoom call, viral video shows

So much for being Better.



Report: $7B startup CEO publicly shamed workers he laid off on Zoom

[Hnter]

Originally Posted by BobNJ1960

I have no issue with the firing, but the manner was outrageous.

People dont have any manners today........ I wouldnt be surprised if everyone thought it was a joke...

[ansible90]

Originally Posted by BobNJ1960

I have no issue with the firing, but the manner was outrageous.

Maybe you would have preferred text messages? At least that would have been private.

[MPowering1]

Originally Posted by albert648

Especially if you just raised close to a billion dollars in funding.

I was unaware of that, but that makes it even worse.

[Listener2307]

The severance package was better than anything I ever got.
Evidently they employed 6000 people in the mortgage business; most of them probably never went into an office.


Timing was bad, but they'll be paid until well into January.

[MPowering1]

Originally Posted by Listener2307

The severance package was better than anything I ever got.
Evidently they employed 6000 people in the mortgage business; most of them probably never went into an office.


Timing was bad, but they'll be paid until well into January.

Four weeks of severance with a termination date of 12/7, hardly takes them well into January.

I do agree, however, the severance package wasn't bad.

[BobNJ1960]

Originally Posted by MPowering1

That, and I've never been in favor of letting people go before the holidays. You waited this long, you can wait until January.

I agree on that 100%.

[Futuremauian]

Originally Posted by BobNJ1960

I have no issue with the firing, but the manner was outrageous.

I'm not sure that conducting 900 individual exit meetings would have softened the blow. It seems somewhat impersonal, but I see it as acceptable due to the large number.

[BobNJ1960]

Originally Posted by ansible90

Maybe you would have preferred text messages? At least that would have been private.

Terminations should always be one on one meetings, in person IMO.