CEO of Online Mortgage Lender Fires 900 Employees in Emotional Zoom Call

In a shocking move, Vishal Garg, the CEO of 'Lender's Name', an online mortgage lender, has fired approximately 900 employees via a Zoom call just weeks before Christmas. The news comes as a result of changes in the market, which have forced the company to adapt and make difficult decisions.

According to reports, Garg began the call by acknowledging that he didn't have 'great news' to share with his employees. He went on to explain that the decision was his alone and that he wanted to deliver the news personally. The CEO expressed how challenging it was for him to make this announcement, stating that it's only the second time in his career he's had to do so.

Garg also shared a personal anecdote about the last time he had to make a similar announcement, revealing that he had been reduced to tears due to the emotional toll it took. However, he emphasized that the company must move with the changing market conditions to ensure its survival.

The CEO explained that those who were watching him on the Zoom call would be affected by this decision, implying that they would be let go from their positions. The video footage of the call was shared on social media, showing Garg sitting behind his desk as he delivered the news to his employees.

This sudden and dramatic move has left many wondering about the future of the company and its remaining employees. As the holiday season approaches, this news is particularly devastating for those who were affected by the layoffs.

In a statement, 'Lender's Name' confirmed that they would be providing support to their former employees, including outplacement assistance and severance packages. While this move may have been necessary for the company's survival, it's clear that it will have a lasting impact on the lives of those who were affected.

The incident serves as a harsh reminder of the challenges faced by businesses in today's rapidly changing market conditions. As companies navigate these uncertainties, they must make tough decisions to ensure their continued success and longevity.

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