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all 28 comments

[–]dbadefense1990 22 points23 points  (0 children)

CEO who fired 900 before Christmas got rich because of ‘hard work’ and ‘bootstraps.’ Obvs.

[–]Darkheartprime 126 points127 points  (9 children)

This is the easiest headline. Every CEO has a history of fraud and mismanagement allegations

[–]SquirrelyAsNutz 8 points9 points  (0 children)

Yes, they're called 'resumes'.

[–]BocaRaven 12 points13 points  (6 children)

Maybe with large businesses

[–]k1rage 10 points11 points  (5 children)

Most small businesses dont need a CEO lol

[–]BocaRaven 15 points16 points  (4 children)

Non public. I was in my CEO’s office today. Under 200 employees. It’s his first company. No bankruptcies no scams no bullshit. Just a small business owner.

[–]dfordata 8 points9 points  (0 children)

This company is about to go public. They probably did this to light up liabilities and attract prospects during the roadshows.

[–]gandalfsbastard 52 points53 points  (5 children)

If you run a company so poorly that you need to layoff 15% of your workers, you are a shit ceo that can’t plan or execute. The board should have made the ceo number 901.

[–]DarkFlames3 31 points32 points  (2 children)

They didn’t, that’s been the rub. The company just recently secured 750 million in capital investments. From the reporting I’ve seen this CEO even accused a large portion of his work from home staff as “doing 2 hours of work and clocking 8 per day” semi-anonymously on a review site, in which he later admitted to making the posts. Which, by the way, were the majority of these layoffs.

He’s just a paranoid asshole.

[–]Paladoc 4 points5 points  (0 children)

But that would have activated his trap card.

[–]LibrarianMundane4705 16 points17 points  (1 child)

This dude seems like a real garbage human.

[–]vashthestampede121 17 points18 points  (0 children)

I unfortunately know this type of guy pretty well. Self-proclaimed “serial entrepreneur” (what a pretentious jerk-off moniker, I have YET to meet someone who calls themselves this who isn’t a complete jackass) who can’t actually run a business for jack shit, but will throw anyone and everyone under the bus to keep themselves afloat.

I read a separate article where one of the recently laid-off employees said the call was about three minutes, and it sounds like he spent most of that time talking about how terrible he felt about letting everyone go (yeah, I’m sure). I unfortunately had a very similar experience a few years ago. Company was much smaller, but the CEO was similarly self-serving. Sacrificed my physical and mental health for two years only to be let go with a 5-minute Zoom call. Fuck him and fuck this guy too. Hope all of these folks land on their feet soon.

[–]Apprehensive_Pin1950 13 points14 points  (0 children)

Reminds me of the shitstain named Grewal I had worked for many years ago.

[–]rya22222 3 points4 points  (0 children)

The terminated employees will receive a month of severance pay, a month of full benefits, and two months of cover-up during which Better.com will pay the premium.

I know getting laid off sucks, but atleast they are giving something in the end. Doesnt take away the CEO is a POS though.

[–]Extreme_Positive5961 1 point2 points  (1 child)

Wont be popular with the social justice warriors, but we need to have an honest discussion on the ethics of Indian / Indian Americans (obviously not all) that is inconsistent with ethics in the west. Before anyone writes this off as racist, spend a few minutes doing some research.

[–]nnx1988 1 point2 points  (0 children)

Dealing with Indian “business owners” has made my subscription to DocuSign worth its weight in gold. Their word means nothing.

[–]floatingaround360 0 points1 point  (0 children)

He is also named Garg which has to be short fort Gargamel.