Question: There was some news recently about better.com which is a online mortgage lender, and they were on blast in December of 2021 the CEO fired

There was some news recently about better.com which is a online mortgage lender, and they were on blast in December of 2021 the CEO fired 900 employees around 9% of the workforce over zoom right before Christmas. The reason for the layoff was because the expected rising interest rates in the real estate market and they needed to "streamline operations further and reducing the workforce in both US and India." Better.com supplied the fired employees with extended medical benefits, severance and a "suite of services" to help find new jobs. Now over 3000 workers were unintentionally notified of their firing after seeing a severance payment from better in the payroll system. It was a glitch in the system that the employees were not supposed to see prematurely. The massive lay off in December of 2021 resulted in the CEO stepping down before coming back again in 2022, but the company lost backing from another bank and lost stock price. The employees also explored suing the company, by initiating the intent of a law suit, better.com increased the severance pay.

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