According to British media reports, users on social media have called it a drastic and worrying move. The first 900 employees have been fired.
The move by the firm’s owner comes at a time when all citizens are celebrating Christmas with their families. There are parts that are being removed.
It’s not the kind of news you’d like to hear, but in the end it was my decision and I wanted you to hear it for me. It was really hard work to decide. This is the second time in my career that I’ve been doing this Garg said. I am and I do not want to do this. Last time I did this I cried. Its time I hope to be stronger.
The firm’s chief executive said staff performance, production and market changes were the main reasons for the large-scale layoffs, which accounted for 15 per cent of Better.com’s workforce.
The US company works to streamline the home buying process through technology and is backed by the Japanese company Softbank and is worth about ً 6 billion.
Gima Dale, a lecturer in Employment Law and Business Studies at John Moores University in Liverpool, UK, says this is not a way to lead an organization and is illegal in the UK but does not mean you are in the US. So you can do anything.
Mr Gregg’s management style has been criticized in the past in an e-mail received from American business magazine Forbes in 2020 for allegedly misbehaving with employees.