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72% Positive

Analyzed from 1381 words in the discussion.

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#company#zoom#don#better#said#ass#line#money#put#business

Discussion (58 Comments)Read Original on HackerNews

catgary31 minutes ago
> Garg acknowledges he’s “hard-nosed” and the famous Zoom layoffs severely damaged the company’s reputation — a mistake he knows will continue to haunt him.

I really hope Garg is here reading this. It’s not just a mistake that will continue to haunt him, it’s all he’s ever going to be. It’s how he was introduced in this headline. It’s how he’ll be referred to when he starts his next venture. If newspapers publish his obituary someday, it’ll be in the first few sentences explaining why anyone knows his name.

happytoexplain10 minutes ago
This is the closest thing to hope we have sometimes. Well said.
xyzelementabout 1 hour ago
Former employee (though not part of that famous round of layoff)

The noise around Zoom firing was ridiculous. We were a largely remote company with most people having never been to the office (I don't think I had, at that moment) so how exactly do you lay off people except remotely? VG didn't do a great job there but the idea of doing it remotely being evil or whatever was ridiculous - should the people be flown in to NY just to get fired?

Overall I find VG a flawed but reasonable dude. He definitely put his ass on the line for the business, was generous with equity - and was a pretty engaged leader. I don't think much about my time at Better but it was fine.

healsdataabout 1 hour ago
There's a huge range of options between a terse Zoom call with 900 people on it and flying everyone to NY. And if you're someone who previously said "You are TOO DAMN SLOW. You are a bunch of DUMB DOLPHINS… SO STOP IT. STOP IT. STOP IT RIGHT NOW. YOU ARE EMBARRASSING ME" to your employees, you may want to lean towards the more humane options if you don't want to get dragged.
Petersipoi34 minutes ago
There is nothing inhumane about announcing layoffs over Zoom though. Hell I'd prefer to be laid off in the least personal way possible because I'm a grown-ass adult who doesn't need my company to treat my like a child. Tell me and get it over with.
garciasn29 minutes ago
Just like a mass wedding is fucking stupid, so is a mass layoff.

You can have the fucking common decency to do a 1:1 Zoom call with each person. Or at least each fucking team.

Firing 900 people simultaneously is not only stupid and callous, but lazy. There’s absolutely no excuse for that level of inhumanity.

e4016 minutes ago
> so how exactly do you lay off people except remotely?

You have their managers do it. Privately. 500 people at once is just lazy and hateful.

happytoexplainabout 1 hour ago
>put his ass on the line

Please don't do this. There are many people who put their ass on the line. He is not one of them. He risked almost nothing from a human perspective.

semiquaver27 minutes ago
Clearly his ass was on the line based on the fact that he was fired and is now likely unemployable.
pigbearpig19 minutes ago
He was fired 5 years after the zoom layoffs. That information is from the linked article.
happytoexplain17 minutes ago
If he's fine, that's not "his ass". Otherwise, do you mean "unemployable as a CEO"? If yes, that's irrelevant. If no, why do you think that? You said "clearly", but it's clearly not clear (assuming you've made it to this point in the decision tree).
__MatrixMan__42 minutes ago
That is, unless there's a contingent out there considering hurting him for this. Probably not justified in this case, but maybe we'd get better leadership if it were a tad more common.
xyzelementabout 1 hour ago
I find it off-putting that you and another poster think you are in position to evaluate someone else's sacrifice. I pressume that if you had put years and lots of money towards something - you would consider that significant "on a human level".
gopher_space20 minutes ago
I haven't worked for an individual with a failure state anyone would recognize since the mid-90s. There's no sacrifice involved in being addicted to a lifestyle that pays well even if you suck.
bluefirebrandabout 1 hour ago
> I pressume that if you had put years and lots of money towards something - you would consider that significant "on a human level".

If you are wealthy enough to gamble a bunch of money and a couple of years and still have more money than most people left over if it fails, then no. I don't view that as making any kind of significant sacrifice at all

Seriously. If your "worst case scenario" is still "I could retire comfortably tomorrow without any hardship" then I genuinely feel no sympathy for you if your ventures fail.

happytoexplainabout 1 hour ago
This is an oversimplification. I didn't make the implication you are accusing me of. Tangentially, please do not presume my feelings based on invented scenarios - it's hostile.

Regardless - yes, my response should be off-putting. The situation we are in is "off-putting", to understate it.

jroseattle26 minutes ago
> VG didn't do a great job there but the idea of doing it remotely being evil or whatever was ridiculous

I don't think the issue was the communications medium (Zoom.)

> I don't think much about my time at Better but it was fine.

That's the biggest tell about leadership at any company.

throwaway27448about 1 hour ago
> He definitely put his ass on the line for the business

Oh did he risk being homeless? Let's not be hyperbolic here—all he risked was minor embarrassment

nickffabout 1 hour ago
"Minor embarrassment" is what politicians who 'take full responsibility' while not facing any consequences 'suffer'.[1] Getting canned for it is a bit more than that.

[1] https://www.bbc.com/news/world-us-canada-19958739

happytoexplainabout 1 hour ago
>Getting canned for it is a bit more than that.

No, in the C-suite, it is not. Yes, in other positions, it is.

xyzelementabout 1 hour ago
There was some dynamic with Softbank which required VG to put a lot of personal money on the line to keep going. I forget the dynamic exactly.
lbrito35 minutes ago
Oh, will some one think of the poor CEOs for a change! He puts his ass on the line!

Pathetic

jazzpush2about 2 hours ago
You read this from the outside and ask yourself, "how does this guy sleep at night?". He sleeps fine, of course, justifying his own actions/behaviors without thinking of others.

Luigi Mangione spent months trying to contact someone at United Healthcare to no avail. Only when he pretended to be an investor managing a large number of assets did he hear a response.

derektank2 minutes ago
Well, that is one thing Vishal has going for him, he’s not a murderer. I hope he sleeps a lot better at night than Mangione does.
Aurornis16 minutes ago
> Luigi Mangione spent months trying to contact someone at United Healthcare to no avail. Only when he pretended to be an investor managing a large number of assets did he hear a response.

Luigi Mangione was not a United Healthcare customer.

This seems like an incredibly important detail that keeps being left out of this tidbit as it circulates social media. You’re trying to imply that he had some grievance with his insurance with the company, but he was not insured by them. He was trying to get in contact with anyone so he could murder someone high profile. He called the investor relations line as a way to social engineer that.

happytoexplain4 minutes ago
Why is it "incredibly important"? You said that, but didn't continue.

Must grievances be only with employers/patrons to be valid?

coredog6416 minutes ago
Luigi was never a UHC customer per the news story today on his guilty plea.
adastra22about 1 hour ago
> how does this guy sleep at night?

On a big pile of money, surrounded by beautiful women.

cyanydeezabout 1 hour ago
So people really underestimate (because of, the implication) the power of money to rewire the brand to excuse larger and larger immoral and unethical behaviors and to permanently not understand how the rest of the reality is being bent to the money bubble illusion.
adastra22about 1 hour ago
Also selection effects. There have been some great leaders in business with a clear moral code. We lost Tony Hsieh way too young. But by and large those at the top got there for a reason.
tolugeniusabout 1 hour ago
> Garg acknowledges he’s “hard-nosed” and the famous Zoom layoffs severely damaged the company’s reputation — a mistake he knows will continue to haunt him. But as criticized as Garg has been for placing near-impossible demands on the company and its employees, he said Lewis convinced the board he didn’t push hard enough.

> So when shareholders said, ‘You need to take a back seat,’ I complied.”

Man shocked to learn the evolution of shareholder value did not, in fact value him.

BeetleB15 minutes ago
> “He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week. “He said he liked the company’s strategy. He praised us on X and used that to get on our board and win our confidences.”

I love SpaceX's strategy for getting us to AGI, the moon, and beyond!

> just as he brought the company to the precipice of success.

I love how success has a precipice.

catgary12 minutes ago
This plus the zoom firing anecdote is basically confirming that Garg operates at a Cousin Greg level.
mrhottakesabout 2 hours ago
Leopard who eats faces surprised to find out other leopard ate his face.
aleph_minus_oneabout 1 hour ago
Great irony: the names under which the company which Vishal Garg was CEO of (Better Home & Finance Holding Company) does business are Better and Better.com [1]. :-)

[1] https://en.wikipedia.org/wiki/Better.com

nemomarxabout 1 hour ago
> says he was fired on August 3 just as he brought the company to the precipice of success.

> Today, with an imploded refi business and rates closing in on 7%, the AI mortgage company’s market value stands at just $300 million.

Forgive the snipping here, but is the company actually turning around or on the brink of success now? Is there any sign the firings helped them 8 months later?

jerlamabout 1 hour ago
The 900 person layoffs were in 2021.
happytoexplainabout 1 hour ago
In my humble opinion, he is representative of an evil that is creeping into corporate America. Don't get me wrong: It was always "evil" by some definition, but not like this. It's becoming a cartoon version of "American business". It's like the people in leadership positions increasingly think that running a business consists of yelling at your direct reports until things are done, and sucking up to your superiors, and that's the whole job description.
Ancalagonabout 1 hour ago
wow I forgot about about this company and this fiasco

time to forget about it again

blitzarabout 1 hour ago
It doesn't work like that bud.

People (you) fired don't get their jobs back because they say "they were doing a great job".

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xystabout 1 hour ago
Pushes mass layoffs to appease board or investors. Then cries to news outlets when the same is done to him.

He is nothing but a tool for the billionaires. Nothing else. What did he risk? Nothing. Public embarrassment at best. He gets a golden parachute like every other C-level asshole and lives the rest of his life without having to worry about anything.

la6479about 1 hour ago
Tough luck buddy. Every CEO job published in linked in have a 1000 applicants in 2 hours. /s
bdangubicabout 2 hours ago
he should get his job back around black friday with enough time for another firing round at Christmas time