Is the company’s name meant to be ironic?

Also, if I worked for a dot com, I would expect this sort of frivolous reduction in force to happen frequently. Cause young CEOs (who apparently have trouble articulating their thoughts, like this guy with his halting delivery) don’t know what they’re doing.

I heard people crying in the video. Shouldn't young people by now understand the game of working for a start up? Sure go along with the cult mentality but expect that no one other than the founders and first round investors will actually become wealthy.

Anonymous wrote:The video is epic bad boss behavior

Sooooo if you’re on this call bad news!!! Sorry

The video is epic bad boss behavior

Anonymous wrote:Can an HR expert chime in as to why this was done before the holidays? No holiday pay?

Pretty much when you can people with no notice they usually get two weeks pay since no notice so in payroll 10 more days.

So if can them now assuming twice a month pay the 12-15 paycheck is normal. On 12-31 you give them last few days owed vacation days and severance. Get them off the books by 12-31 so not messing up 2022 budget and can expense severance as a 2021 expense.

Also even though they say cobra who knows what he is covering. It also frees you from laying Xmas, New Years and Martin Luther king day. Also at start up it is option and RSU heavy these folks will lose invested RSUs or options and their 2021 grant.

They also won’t accrue vacation days in 2022. And also stuff like unused sick days and vacation days are a liability in financial statements which won’t be carried to 2022.

What sucks in a start up the pay sucks and stocks and options are a lot of pay. They lost all invested and all of 2022 bonus as most pay annually usually in Feb or March.

Zillow, N26 Bank also fired a bunch recently.

I was at a start up around 12 years ago we fired 10 percent of company Oct 31 and at Xmas party ceo asked us to applaud their sacrifice that will allow us to be profitable and get our full ye bonuses. He at least have than 10/12 of bonus.

Fire in Jan you loose a lot of benefits.

Anonymous wrote:Isn't that an online psychological counseling service? Wow.

No - "Better Help" is the online counseling service, "Better" is a mortgage company.

Would've been even worse if this was "Better Help" though!

Can an HR expert chime in as to why this was done before the holidays? No holiday pay?

Wow - just Wow. This will live in business leadership infamy of what NOT to do. So callous and self centered. And right before the Holidays. “I cried the last time I did this - I hope to be stronger this time”. What an ass!

This reminds me of the George Clooney, Anna Kendrick, and Vera Farmiga movie _Up in the Air_.

Terrible to do before Christmas.

4 weeks severance. 3 months Healthcare. Much better than some people.

Isn't that an online psychological counseling service? Wow.

This is unbelievable timing - I came here to post this and saw you literally JUST had!

Anyways - the CEO came off as a heartless dbag on that call. I wasn't familiar with this company but now have a very negative opinion of them. Not a place I'd like to work or do business with!

Brutal. Called a video meeting for like 1,000 workers and announce he is laying off 15 percent of company. Then said I’m the sort video announcement if you are invited to this meeting you have been let for and at end of meeting your access will be cut off. Ouch. A worker recorded on his iPhone and posted on YouTube.

https://youtu.be/X7GVklRqHRY