Seeing a lot of LinkedIn posts with whole teams being laid off. What happened? I thought they were going to IPO soon..
‘Garg “delivered a short speech informing them that they were being terminated.” After Garg’s speech, the meeting ended abruptly, and the affected employees’ computers automatically shut down, Kirsch also reported.’ Wow. Pretty dystopian
Some folks computers were shut down before they could even join that meeting
Had a terrible recruiting experience with them. I guess it was a blessing in disguise
Mortgage related companies are way overheated
Maybe they jumped ship to best.com?
they had 10000 employees? Wow
Very heavy Ops. Eng is like 400 of that
Why would they pay loan officers on base instead of commission? Very unusual for that kind of role
Not surprising, had a first hand experience how mismanaged this company is during my interview process. Glad I dodged that bullet when I decided to not join them. Hope those impacted will be able to find a lot better.
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https://www.google.com/amp/s/techcrunch.com/2021/12/01/better-com-lays-off-9-of-its-staff/amp/