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CEO who fired 900 people on Zoom just before Christmas wants his job back(cnn.com)
60 points by pseudolus 2 hours ago | 30 comments
xyzelement 30 minutes ago | parent | next [-]

Former employee (though not part of that famous round of layoff)

The noise around Zoom firing was ridiculous. We were a largely remote company with most people having never been to the office (I don't think I had, at that moment) so how exactly do you lay off people except remotely? VG didn't do a great job there but the idea of doing it remotely being evil or whatever was ridiculous - should the people be flown in to NY just to get fired?

Overall I find VG a flawed but reasonable dude. He definitely put his ass on the line for the business, was generous with equity - and was a pretty engaged leader. I don't think much about my time at Better but it was fine.

healsdata 9 minutes ago | parent | next [-]

There's a huge range of options between a terse Zoom call with 900 people on it and flying everyone to NY. And if you're someone who previously said "You are TOO DAMN SLOW. You are a bunch of DUMB DOLPHINS… SO STOP IT. STOP IT. STOP IT RIGHT NOW. YOU ARE EMBARRASSING ME" to your employees, you may want to lean towards the more humane options if you don't want to get dragged.

happytoexplain 21 minutes ago | parent | prev | next [-]

>put his ass on the line

Please don't do this. There are many people who put their ass on the line. He is not one of them. He risked almost nothing from a human perspective.

__MatrixMan__ 6 minutes ago | parent | next [-]

That is, unless there's a contingent out there considering hurting him for this. Probably not justified in this case, but maybe we'd get better leadership if it were a tad more common.

xyzelement 17 minutes ago | parent | prev [-]

I find it off-putting that you and another poster think you are in position to evaluate someone else's sacrifice. I pressume that if you had put years and lots of money towards something - you would consider that significant "on a human level".

bluefirebrand 9 minutes ago | parent | next [-]

> I pressume that if you had put years and lots of money towards something - you would consider that significant "on a human level".

If you are wealthy enough to gamble a bunch of money and a couple of years and still have more money than most people left over if it fails, then no. I don't view that as making any kind of significant sacrifice at all

Seriously. If your "worst case scenario" is still "I could retire comfortably tomorrow without any hardship" then I genuinely feel no sympathy for you if your ventures fail.

happytoexplain 14 minutes ago | parent | prev [-]

This is an oversimplification.

Regardless - yes, my response should be off-putting. The situation we are in is "off-putting", to comedically understate it.

throwaway27448 23 minutes ago | parent | prev [-]

> He definitely put his ass on the line for the business

Oh did he risk being homeless? Let's not be hyperbolic here—all he risked was minor embarrassment

nickff 19 minutes ago | parent | next [-]

"Minor embarrassment" is what politicians who 'take full responsibility' while not facing any consequences 'suffer'.[1] Getting canned for it is a bit more than that.

[1] https://www.bbc.com/news/world-us-canada-19958739

happytoexplain 18 minutes ago | parent [-]

>Getting canned for it is a bit more than that.

No, in the C-suite, it is not. Yes, in other positions, it is.

SaltyBackendGuy 9 minutes ago | parent [-]

What more can he do, other than get canned, to be accountable?

xyzelement 21 minutes ago | parent | prev [-]

There was some dynamic with Softbank which required VG to put a lot of personal money on the line to keep going. I forget the dynamic exactly.

jazzpush2 2 hours ago | parent | prev | next [-]

You read this from the outside and ask yourself, "how does this guy sleep at night?". He sleeps fine, of course, justifying his own actions/behaviors without thinking of others.

Luigi Mangione spent months trying to contact someone at United Healthcare to no avail. Only when he pretended to be an investor managing a large number of assets did he hear a response.

adastra22 44 minutes ago | parent [-]

> how does this guy sleep at night?

On a big pile of money, surrounded by beautiful women.

cyanydeez 38 minutes ago | parent [-]

So people really underestimate (because of, the implication) the power of money to rewire the brand to excuse larger and larger immoral and unethical behaviors and to permanently not understand how the rest of the reality is being bent to the money bubble illusion.

adastra22 34 minutes ago | parent [-]

Also selection effects. There have been some great leaders in business with a clear moral code. We lost Tony Hsieh way too young. But by and large those at the top got there for a reason.

cyanydeez 31 minutes ago | parent [-]

yes, and to get into the billions of dollars of net worth, you need to both ignore more and more problematic things and believe more and more than you deserve all this.

JumpCrisscross 12 minutes ago | parent [-]

> to get into the billions of dollars of net worth, you need to both ignore more and more problematic things

Need is too strong, especially if it’s just for becoming a billionaire. One can absolutely amble into that situation. Where I tend to agree is if you choose to keep those billions versus transitioning to charity.

cyanydeez 10 minutes ago | parent [-]

the "need" is POV the person gaining the money.

tolugenius an hour ago | parent | prev | next [-]

> Garg acknowledges he’s “hard-nosed” and the famous Zoom layoffs severely damaged the company’s reputation — a mistake he knows will continue to haunt him. But as criticized as Garg has been for placing near-impossible demands on the company and its employees, he said Lewis convinced the board he didn’t push hard enough.

> So when shareholders said, ‘You need to take a back seat,’ I complied.”

Man shocked to learn the evolution of shareholder value did not, in fact value him.

aleph_minus_one 30 minutes ago | parent | prev | next [-]

Great irony: the names under which the company which Vishal Garg was CEO of (Better Home & Finance Holding Company) does business are Better and Better.com [1]. :-)

[1] https://en.wikipedia.org/wiki/Better.com

mrhottakes 2 hours ago | parent | prev | next [-]

Leopard who eats faces surprised to find out other leopard ate his face.

nemomarx 35 minutes ago | parent | prev | next [-]

> says he was fired on August 3 just as he brought the company to the precipice of success.

> Today, with an imploded refi business and rates closing in on 7%, the AI mortgage company’s market value stands at just $300 million.

Forgive the snipping here, but is the company actually turning around or on the brink of success now? Is there any sign the firings helped them 8 months later?

jerlam 31 minutes ago | parent [-]

The 900 person layoffs were in 2021.

happytoexplain 24 minutes ago | parent | prev | next [-]

In my humble opinion, he is representative of an evil that is creeping into corporate America. Don't get me wrong: It was always "evil" by some definition, but not like this. It's becoming a cartoon version of "American business". It's like the people in leadership positions increasingly think that running a business consists of yelling at your direct reports until things are done, and sucking up to your superiors, and that's the whole job description.

Ancalagon 35 minutes ago | parent | prev | next [-]

wow I forgot about about this company and this fiasco

time to forget about it again

blitzar 23 minutes ago | parent | prev | next [-]

It doesn't work like that bud.

People (you) fired don't get their jobs back because they say "they were doing a great job".

xyst 12 minutes ago | parent | prev | next [-]

Pushes mass layoffs to appease board or investors. Then cries to news outlets when the same is done to him.

He is nothing but a tool for the billionaires. Nothing else. What did he risk? Nothing. Public embarrassment at best. He gets a golden parachute like every other C-level asshole and lives the rest of his life without having to worry about anything.

bdangubic 2 hours ago | parent | prev | next [-]

he should get his job back around black friday with enough time for another firing round at Christmas time

la6479 18 minutes ago | parent | prev [-]

Tough luck buddy. Every CEO job published in linked in have a 1000 applicants in 2 hours. /s