CEO of Better.com, a digital mortgage company, informing about 900 employees that they have been terminated.Vishal Garg, the executive, could be seen in the video behind a desk attempting to tell his employees.
He tells them that he does not have "great news" and said the last time he was forced to make a similar announcement, he cried. "The market has changed, as you know, and we have to move with it in order to survive," he said.
He told the employees on the video conference that if they were watching him, that means they have been laid off. About 9% of the company was let go, reports said.RELATED: 10 military veterans who became Fortune 500 CEOsThe Sacramento Bee reported that the company has offices in three states and has just received.