Saturday, Jul 02, 2022
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Better.com CEO fires 900+ employees on a Zoom call
Vishal Garg, the CEO of Better.com, asked more than 900 employees to join him on a Zoom call then told them their jobs were being terminated immediately.
The call lasted less than three minutes and comes less than four weeks before Christmas.
A total of 9% of the company’s workforce was laid off, including the company’s entire diversity, equity and inclusion recruiting team.
According to Fortune Magazine, the CEO later accused the employees of “stealing” from their colleagues and customers by only working two hours a day.
The laid-off employees will get severance pay and benefits.
Last week, Better.com received $750 million in cash as part of a deal with Softbank, a multinational conglomerate.
Caribbean storm likely to gain force, hit Central America
A storm that has hurled rain on the southern Caribbean and the northern shoulder of South America was expected to hit Central America as a tropical storm over the weekend and ev...
Protests In US Over Fatal Police Shooting Of Black Man
Jayland Walker, 25, was shot and killed Monday, after officers tried to stop his car over a traffic violation, the police department said.
US Sending 2 Surface-To-Air Missile Systems To Ukraine: Pentagon
Russia Ukraine War: The assistance package, worth about $820 million, was broadly announced by U.S. President Joe Biden on Thursday in Madrid following NATO summit.
Bill Gates Shares His 48-Year-Old Resume, A Message For Job Seekers
"Whether you're a recent grad or a college dropout, I'm sure your resume looks a lot better than mine did 48 years ago," Bill Gates wrote.
Elon Musk, Jeff Bezos, Other Top Billionaires Lose $1.4 Trillion In Worst Half Ever
With policy makers now raising interest rates to combat elevated inflation, some of the highest-flying shares -- and the billionaires who own them -- are losing altitude fast.
UK Monkeypox Symptoms Different To Prior Outbreaks: Study
Monkeypox: Britain detected some of the earliest new global cases and the first study into patients there was published in The Lancet Infectious Diseases journal on Friday.
Data Not Shared With Chinese Communist Party: TikTok To US Lawmakers
TikTok reiterated to the senators that the Chinese Communist Party (CCP) had never requested data on American users.
Vatican suffers big loss in sale of London building at heart of fraud and embezzlement trial
In a statement issued on Friday, the Vatican said the building was sold for £186m to Boston-based private investment firm Bain Capital, but did not provide a definitive figure f...
Scientific knowledge essential for sustainable oceans, UN Ocean Conference hears
Increasing scientific knowledge, developing research capacity and making the most of new marine technology, are essential to sustainable ocean management, the UN Ocean Conferenc...
FBI adds missing Cryptoqueen to top ten most wanted
Ruja Ignatova, also known as the "missing Cryptoqueen", has been placed on the FBI's top 10 most wanted list.
EU agrees on landmark crypto regulation in wake of Terra meltdown, Bitcoin plunge
The European Union has agreed on landmark rules for regulating the cryptocurrency industry, whose meltdown has been wiping out fortunes and sparking calls for tighter scrutiny w...
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