Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Visa to Move European Headquarters to London’s Canary Wharf 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Better.com recently announced a massive layoff of employees, and this was shockingly done via Zoom meeting. It was the mortgage company's chief executive officer, Vishal Garg, who personally fired 900 employees while on a virtual meeting.
The Zoom webinar took place on Wednesday last week and most of the attendees were astounded by the announcement of work layoff. It was said that the 900 workers are equivalent to around nine percent of Better.com's total workforce.
The sad thing is that the attendees were not aware that they were about to be fired and it happened just three weeks before Christmas. It was reported that the affected workers were called to attend the Zoom meeting but it was bad news because they were being terminated by the company.
"If you are on this call, you are part of the unlucky group that is being laid off," CNN Business quoted the Better.com CEO as saying in the recorded call. He added that the employment termination is effective immediately.
Garg went on to tell everyone that they could expect an email from HR for more details about severance pay and benefits. The chief mentioned three reasons for the massive job terminations and these include market efficiency, performance, and productivity.
"Having to conduct layoffs is gut-wrenching, especially this time of year," the company's chief financial officer, Kevin Ryan, further said in a statement that was forwarded to CNN Business. "However a fortress balance sheet and a reduced and focused workforce together set us up to play offense going into a radically evolving homeownership market."
SFGate reported that Vishal Garg fired the employees via Zoom not long after receiving a $750 million cash infusion. This is why many are criticizing the CEO and people are saying he fire people after doubling his own salary.
Meanwhile, the fired workers, as well as observers, called the firing "brutal" because it was not just done live with a group of people but it also happened at a difficult time. The company only invited those who will be laid off to the meeting thus it can't be helped that some of the workers cursed at the CEO when he delivered the news.
