Social media users were rather distressed over the CEO’s decision to lay off employees ahead of the holiday season. Garg cited market efficiency, performance and productivity as the reason behind the firings. The CEO of the US-based digital company added that the employees who have been laid off will be entitled to four weeks of severance, one month of full benefits and two months of cover-up for which the company will pay the premium. CEO Vishal Garg lays off about 9 of its workforce on a Zoom webinar Thursday. We are laying off about 15% of the company for a number of reasons - the market, efficiency and performances and productivity,” he added. “This is the second time in my career I’m doing this and I do not want to do this. He also mentioned during the conference call that it is the second time in his career that he had to make a decision like this. It’s been a really, really challenging decision to make.” This isn’t news that you’re going to want to hear. The market has changed, as you know, and we have to move with it in order to survive so that hopefully, we can continue to thrive and deliver on our mission. Explore the latest videos from hashtags: zooemployee, ceoofzoomies, crazyemployees. McPherson(mollybmcp), beanutz(beanutz), Ross Pomerantz(corporate.bro), DBL(dailyblastlive), Daily Mail(dailymail). Watch popular content from the following creators: Molly B. While addressing his employees, Garg said, “I come to you with not great news. Discover short videos related to CEO fires 900 employees Zoom on TikTok. Your employment here is terminated effective immediately,” Vishal Garg was heard saying in the video. If you're on this call, you are part of the unlucky group that is being laid off. “This isn't news that you're going to want to hear. This was definitely a piece of shocking news that came just ahead of the holiday season. A video of the Zoom call meeting has gone crazy viral on social media where the CEO was seen announcing his decision to the employees.Īn employee, who appears to have been part of the meeting, recorded the call on her mobile phone and shared it on social media. Vishal Garg, CEO, fired 900 employees from his company in India as well as in the United States over a Zoom call on December 1. But according to CNN.com, CEO Vishal Garg announced the mortgage company is laying off about 9 of its workforce on a Zoom webinar recently, abruptly.
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