Skip to content CEO Vishal Garg Lays Off 900 Employees In Zoom Call Just Before The Holidays

SAN FRANCISCO (KGO) – The CEO of digital mortgage company delivered a harsh message during the company’s latest Zoom conference call.

All employees of the appeal were terminated with immediate effect.

Vishal Garg, who heads the New York-based loan company, blamed former workers for poor performance and market inefficiencies in the now-viral video of the call last week. Garg then said he viewed the alleged productivity of workers on par with theft from customers and other co-workers.

Later in the video, Garg explained that the company needs to make the necessary cuts to deal with what has started to turn out to be a cooling housing market.

In May, announced it would go public and received $ 750 million in cash last week as part of the deal.

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