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Ceo fires 900 employees zoom
Ceo fires 900 employees zoom







ceo fires 900 employees zoom ceo fires 900 employees zoom

I told him I understood that part but was wondering why he was using paper evaluations. After a few days, I asked him what he was doing, and he explained he was evaluating the intern on his history-taking skills. Each morning I would see Mel take out a paper evaluation from his white coat and fill one out as the intern interviewed a patient. Mel Ona, MD, MS, MPH, MA was the attending covering the floors that month. Nine years ago, I was in my last year of medical school on an internal medicine rotation in Brooklyn, New York. “Leadership is not about being in charge, it is about taking care of those in your charge.” - Simon Sinek This response to the financial crisis resulted in increased morale and trust across the organization. He said to his employees, "it's better that we all suffer a little than any of us should have to suffer a lot." Instead of laying off his people, he implemented a program where all employees were asked to take 4 weeks of unpaid vacation at their convenience.

ceo fires 900 employees zoom

In 2008, during the financial crisis, Barry-Wehmiller's CEO Bob Chapman faced a similar decision when the company lost many contracts. In contrast, this is what authentic leadership looks like: One former employee said, "They dumped us like trash." Another wondered how she would cover medical expenses since she was 25 weeks pregnant. He disrupted the lives of 900 families during the holiday season and destroyed the morale of the entire organization. Today, a notable headline in business news was about the CEO of a mortgage tech startup laying off 15% of his people in a cold 3-minute video call with no warning. The outlet reported that he claimed at least some of those who were fired had only worked two hours a day.A CEO who fires 900 employees via Zoom to build a "fortress balance sheet" is a coward, not a leader. Fortune reported that days after the firing, Garg “posted a series of messages seen by Fortune on an anonymous professional network,” in which he accused the fired employees of “stealing” from coworkers and customers due to their unproductivity. Garg then told the people on the call that market efficiency, performance, and productivity were the reasons they were being fired. He also told the employees that they would be receiving an email from the human resources department detailing their benefits and severance. “Your employment here is terminated effective immediately.” “If you’re on this call, you are part of the unlucky group that is being laid off,” Garg said during the meeting. More than 900 employees of mortgage company were invited to a Zoom webinar last Wednesday, where CEO Vishal Garg announced they would all be fired effective immediately.ĬNN Business reviewed a recording of the call, in which the employees were fired just weeks before the holidays.









Ceo fires 900 employees zoom