Mortgage firm Better.com, run by Indo-American CEO Vishal Garg, has decided to pay insurance expenses for a group of prospective parents who have been caught in the latest firing round.
After facing criticism for massive job cuts over a Zoom call last year, Garg re-fired thousands of other employees in the US and India who had received severance checks. payroll app This week.
This time around, the CEO said he would offer extended medical benefits to 19 expectant parents out of nearly 3,000 employees fired in the US and India, Bloomberg said in its report.
The HR officer said that Garg will “individually cover additional health care insurance costs if the affected employee has not received employment and/or health care insurance.”
During this, employees Those caught up in the latest round of job cuts shared their experience of how Better dismissed them. Employees said they received a severance check in their Workday account — the company’s payroll app. In addition, the seriousness investigation took place without any additional communication from the company.
“I couldn’t find out through our payroll system, my bank account showing a severance check, or a phone call from HR. My computer is in the middle of me,” wrote Amanda Bullard on LinkedIn, while answering one of my clients. It just got closed.”
Another employee was disappointed to be fired soon after his birthday.
“I just turned 26 and I never thought I’d have a birthday present. But as I told my team representative this morning: “It’s part of life’s journey. Obstacles don’t break us, they make us It makes us stronger. It is the obstacles that take us on the road to greatness,” wrote Hiren Gihwala.
The layoffs come as a result of headwinds affecting the residential real estate market, Kevin Ryan, chief financial officer and interim president of Better.com, wrote in a letter sent to employees.
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