Better.com Lay off
Can CEO who fired 900 employees on Zoom have a second chance? Anand Mahindra asks Twitterati
Mumbai/IBNS: Mahindra Group chairman Anand Mahindra asked his followers on Twitter whether Better.com CEO Vishal Garg, who laid off 900 employees in a Zoom call, will be able to survive his controversial action or bear the consequences of his action.
"I'm curious whether you think a CEO can survive after a blunder like this?" Mahindra asked his 6.6 million followers on Twitter to give their opinion if Garg should be given a second chance after handling a sensitive issue like laying off in an impulsive manner.
I’m curious whether you think a CEO can survive after a blunder like this? Is it fair, or not, to allow a second chance…? https://t.co/sPDcr9qmYE
— anand mahindra (@anandmahindra) December 9, 2021
Better.com CEO Vishal Garg drew intense criticism after the video of him firing 900 employees over a Zoom call, last week, was leaked.
In a damage control move, he apologised for his manner of handling layoffs at the mortgage company.
In a letter on Tuesday, he wrote, "I realise that the way I communicated this news made a difficult situation worse."
"Is it fair, or not, to allow a second chance...?" Anand Mahindra asked while responding to a New York Times tweet about Garg's apology.
"Definitely not. For a CEO, lacking empathy and low EQ is pretty evident," wrote one person.
Your question “Can a CEO survive this? “. Definitely not. For a CEO, lacking empathy and low EQ is pretty evident. Not sure whom he was trying to appease. No wonder people nowadays have less and less pride in the companies they work for.
— We6 (@Venky27) December 9, 2021
"If he can give a second chance to all 900 who he disrespected... then would definitely deserve a second chance," a Twitter user said.
Empathy works both ways. From that perspective since he has good funding already by his side, if he can give a second chance to all 900 who he disrespected, handhold them to perform, with clear measure of success ahead he then would definitely deserve a second chance.
— Poonam Vijay Thakkar (@PoonamVT) December 9, 2021
Another Twitter user wondered “will his team ever trust him”.
The important question is “will his team ever trust him”
— Srikumar Baggri 🇮🇳 (@SrikumarBaggri) December 9, 2021
The question is not about a second chance but "about whether he has the empathy needed to be a leader !" replied one more person to Mahindra's question.
Sir, it's not whether someone give him a second chance! It's about whether he has the empathy needed to be a leader !
— Ajaya Kumar V (@AjayaKumarVemul) December 9, 2021
According to a report in The Daily Beast, three top executives at Better.com put down their papers after the mass firing.
The company's head of marketing, head of public relations, and vice president of communications have reportedly resigned, and more are expected to follow suit.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
