{"id":413895,"date":"2022-03-08T23:29:51","date_gmt":"2022-03-08T20:29:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/better-com-workers-learned-of-layoffs-when-severance-checks-were-sent-early\/"},"modified":"2022-03-08T23:29:51","modified_gmt":"2022-03-08T20:29:51","slug":"better-com-workers-learned-of-layoffs-when-severance-checks-were-sent-early","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/better-com-workers-learned-of-layoffs-when-severance-checks-were-sent-early\/","title":{"rendered":"#Better.com workers learned of layoffs when severance checks were sent early"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b3212ebfa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b3212ebfa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/better-com-workers-learned-of-layoffs-when-severance-checks-were-sent-early\/#%E2%80%9CBettercom_workers_learned_of_layoffs_when_severance_checks_were_sent_early%E2%80%9D\" >&#8220;Better.com workers learned of layoffs when severance checks were sent early&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBettercom_workers_learned_of_layoffs_when_severance_checks_were_sent_early%E2%80%9D\"><\/span>&#8220;Better.com workers learned of layoffs when severance checks were sent early&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Better.com acknowledged mishandling another round of mass layoffs on Tuesday after some employees received their severance checks ahead of schedule \u2013 a mishap that occurred weeks after its top boss drew criticism for firing 900 employees during a Zoom call.<\/p>\n<p>The embattled online mortgage lender is laying off just over 3,000 staffers this week \u2013 or roughly 35% of its corporate workforce, sources familiar with the matter told The Post.<\/p>\n<p>Some workers who lost their jobs found out after they received a severance check \u2013 with no additional context or notice from Better.com executives. Messages from furious ex-employees began circulating on the anonymous career forum Blind.<\/p>\n<p>In a statement to The Post, Better.com acknowledged that a \u201csmall number of employees were unintentionally notified of their separation from the company ahead of schedule when severance payment information was made available\u201d before they were informed of the layoffs.<\/p>\n<p>\u201cThis was certainly not the form of notification that we intended and stemmed from an effort to ensure that impacted employees received severance payments as quickly as possible,\u201d the company said in a statement.<\/p>\n<p>The company added that it was conducting \u201cpersonal, one-to-one calls\u201d through Wednesday with workers who were laid off in the US and India. Better.com is also providing \u201csignificant financial, healthcare and transition support\u201d to the affected individuals.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vishal-Garg-Better-com-.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Vishal Garg\" class=\"wp-image-21456701\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vishal-Garg-Better-com-.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vishal-Garg-Better-com-.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/Vishal-Garg-Better-com-.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Better.com CEO Vishal Garg drew criticism for firing 900 employees via Zoom.<\/figcaption><figcaption><span class=\"credit\">Better.com<\/span><\/figcaption><\/figure>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/techcrunch.com\/2022\/03\/08\/better-com-employees-learned-of-layoffs-when-severance-checks-appeared-in-payroll-app\/?utm_source=dlvr.it\">TechCrunch was first to report<\/a> on the premature severance checks \u2013 and the enraged response they generated from former employees.<\/p>\n<p>\u201cBetter Layoffs have started. Severance showing in our Workday <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> (which is payroll) as of 12 AM respective time zones. No email, no call, nothing. This was handled disgustingly,\u201d one ex-employee told the outlet.<\/p>\n<p>In a letter to staffers, Better.com CFO Kevin Ryan said the cuts were necessary due to changes in the real estate market, including the Federal Reserve\u2019s upcoming interest rate hikes.<\/p>\n<p>\u201cUnfortunately, that means we must take the difficult step of streamlining our operations further and reducing our workforce in both the U.S. and India in a substantial way,\u201d Ryan said. \u201cWe have huge opportunities ahead to grow and to serve, but we must adjust to volatility in the interest rate environment and refinancing market to get there successfully.\u201d<\/p>\n<p>Laid-off Better.com employees will receive a minimum of 60 days\u2019 severance pay, as well as access to extended medical benefits and job placement services, according to Ryan.<\/p>\n<p>Notably, the letter was written by Ryan, not Better.com CEO Vishal Garg \u2013 the executive responsible for the infamous Zoom call last December. Aside from firing 900 workers, Garg accused at least 250 employees of \u201cstealing\u201d from the firm through lack of productivity.<\/p>\n<p>Garg took a leave of absence after his conduct generated a massive backlash on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> \u2013 only to return as CEO in January.<\/p>\n<p>As The Post previously reported, several Better.com executives have departed the company in the weeks since Garg\u2019s viral meltdown.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/08\/better-com-workers-learned-of-layoffs-when-severance-checks-were-sent-early\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Better.com workers learned of layoffs when severance checks were sent early&#8221; Better.com acknowledged mishandling another round of mass layoffs on Tuesday after some employees received their severance checks ahead of schedule \u2013 a mishap that occurred weeks after its top boss drew criticism for firing 900 employees during a Zoom call. The embattled online mortgage&#8230;<\/p>\n","protected":false},"author":1,"featured_media":413896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/better-dot-com.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[126518,5070,4960,126555,87723],"class_list":["post-413895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-8-22","tag-jobs","tag-layoffs","tag-mortgage","tag-mortgages"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=413895"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/413896"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=413895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=413895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=413895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}