capitalism
Out of context: Reply #889
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- grafician-1
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"‘F—k you, dude’: Startup valued at $7B gets flak as CEO lays off hundreds over Zoom"
"Just days after receiving a $750 million cash infusion, a tech startup that Forbes branded in October as a “unicorn,” valued at $7 billion, laid off hundreds of employees in a manner that some online deemed “brutal.”
Better.com, a digital mortgage lender with offices in Oakland, laid off 900 employees weeks before Christmas on a mass Zoom call. Only those being laid off were invited. It is a stark tidal shift for the company, which announced it was going public earlier this year.
“I come to you with not great news,” CEO Vishal Garg said in the video, which has since circulated on TikTok and YouTube. “The market has changed, as you know, and we have to move with it in order to survive.”
“This isn’t news you’re gonna wanna hear, but ultimately it was my decision and I wanted you to hear it from me,” Garg added. “The last time I did this, I cried. This time, I hope to be stronger.”"
- could be Worse.comMrT
- Btw they’re hiringnb
- Also the CEO went on Blind and did a bunch of shitpostingnb
- yeah, the Indian CEO, that was the point
Look at him: https://edition.cnn.…grafician - "So basically I can hire 10x amount of people from india as they are 10x cheaper, and have them working 20 hour days, so you are now fired"shapesalad