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Disruptors

CEO Fires 900 Staff on a Zoom! [Business, mindset, entrepreneur, disruptors]

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.81.4K Ratings

🗓️ 10 December 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

CEO of mortgage company better.com, Vishal Garg, called a zoom meeting of 900 staff, which was 15% of his workforce and then he fired them all! In one go! There are a lot of criticisms around the situation, including the moral implications, but Rob has seen the zoom word for word so wants to give you the ‘lowdown’ in this TDE episode. KEY TAKEAWAYS  Rob had to deal with a similar dilemma in the first UK lockdown. It was one of the hardest things he had to do in his career, thankfully furlough helped him be able to keep most staff but it was also to a high cost to himself: he had to use 7 figures in cash to pay wages and keep things going until the furlough payment came in. Most of those criticising this CEO have never had to deal with that kind of decision. You have to save the company or you lose all of your staff.  Rob was always taught to be honest with employees when laying them off, it’s not fair to give them false hope or ‘fluff it up’. Ultimately they are losing their jobs and there isn’t really a kind way to deliver this news. BEST MOMENTS  “Have all these people that are hating on this ever had to lay off staff?” “I do worry he is gonna get a lot of hate for this when in reality it was very brave” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

Click on a timestamp to play from that location

0:00.0

This is going to be all over your feet, all week.

0:04.0

Holy wow, breaking news just in.

0:07.0

A CEO has just fired 900 staff on a Zoom call.

0:15.0

He called a Zoom meeting.

0:18.0

He got 900 staff, which was 15% of his workforce.

0:23.0

And he fired them all.

0:25.0

And he is getting so much hate and criticism on social media.

0:30.0

I want to break you the news.

0:32.0

I actually watched the Zoom.

0:34.0

I wasn't one of his staff, but I watched the Zoom.

0:37.0

So I've seen it word for word.

0:39.0

A lot of people judging and criticizing and hating on social media.

0:42.0

They haven't watched the Zoom.

0:44.0

They don't know what he said.

0:46.0

There are some massive moral paradoxes and dilemmas in this.

0:50.0

I'm going to break the news to you and read out exactly what he said.

0:54.0

And I'd love your thoughts on whether this is the right thing to do, the wrong thing to do.

0:58.0

Let's turn on the lights and get this done.

1:00.0

Hit the share button because this is huge.

1:02.0

This is going to be all over your feeds, all week.

1:05.0

Right.

1:06.0

I'm imagining I'm him.

...

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