SheWantTheD
Veteran
"fukk you dudeee..." 
As I type this working from home.
As I type this working from home.
CEO fires 900 employees via Zoom: “If you're on this call, YOU’RE FIRED!”
- Thread starter ThrobbingHood
- Start date
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- Tags
- better.com vishal garg
SheWantTheD
Veteran
Mf's were working two hours a day.. the hell did they expect?!
what were their managers doing? Monthly 1 on 1's, performance evaluation.. they weren't telling them that their performance was severely lacking?!
what were their managers doing? Monthly 1 on 1's, performance evaluation.. they weren't telling them that their performance was severely lacking?!
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
Work from home breh
Get fired from home breh
Get fired from home breh
SheWantTheD
Veteran
The # of bootlickersfor corporate bullshyt in this thread is disappointing though unsurprising.
For those who didn't know, better.com is in the mortgage industry which is absolutely on fire right now and their revenue has been skyrocketing. Last year alone their profits were high enough to fund almost $300k per fired employee, and their year their revenue has more than doubled plus they've gotten close to a billion in cash infusion from a merger. So they have TONS of cash to spare, it's just that Vishal wanted more of it for himself.
There’s no doubt that Better.com has grown at a phenomenal rate since its founding. The company generated $24.2 billion in mortgage originations in 2020. It claims the platform also placed $7.7 billion in title insurance and $1.4 billion in homeowners insurance. The company generated about $850 million in 2020 revenue and about $250 million in profits, according to the Wall Street Journal, which first reported on the SPAC deal. Better.com originated roughly $14 billion in the first quarter of 2021, the Journal reported.
Digital mortgage lender Better.com has raised a $500 million round from Japanese investment conglomerate SoftBank that values the company at $6 billion.
The financing is notable for a few reasons. For one, that new $6 billion valuation is up 50% from the $4 billion it was valued at last November when it raised $200 million in Series D financing. It’s also up tenfold from its $600 million valuation at the time of its Series C raise in August 2019.
That was April, it's gone up over a billy more since then and picked up hundreds of millions more in cash:
Vishal Garg, CEO of unicorn mortgage lender startup Better.com, after receiving a $750 million cash infusion with a valuation of around $7 billion, bluntly informed his 900 employees that a large number of people will be fired in a cold, awkward one-way video announcement on Thursday.
After that bullshyt "they were only working 2 hours but clocking 8", watch his next move. He's going to start pushing unrealistic performance goals and trying to get the remaining employees to work 9-10 hours a day to make up for the ones that got fired by accusing them of underworking and in danger of termination if they don't produce a certain amount.
This is TLR, where the oppressed aspire to be the oppressor.
Tell that to these bootlicking TLR c00ns
HARLEM AL
Your broad loves me.....
That nikka has ice water in his veins....
SheWantTheD
Veteran
They are the ones who say "black people are the only ones who do [something negative]"I'll give you a hint: cause they hate their black skin.
Co-sign
This is what happens when the idiot American public get brain washed into believing the propaganda that labor unions are bad and right-to-work states are good.
Worker Unions prevent America into becoming a banana republic. Without them, everyone would be getting paid $8 an hour.
Funny how virtually no white-collar professions are unionized.