Any company that fires 900 people one day, then 4000 the next, is in serious trouble. Not a good sign of a healthy and secure company. Any remaining employees need to get a new job asap.
I agree. I was watching another clip on this incident and I agree with the person that advised the remaining employees there to start prepping their resumes.
Josh is such a valuable service to society, raising awareness and calling these places out. I tried and get out of this mess called making a living to survive, while maintaining your sanity. Neither is really possible. The lies and manipulation and just overall dysfunctionality are too much. I only calmed it down a bit when I realized I've been so miserable experiencing all those hardships as well as voicing them around me constantly for years, which made my environment miserable as well. I still voice it to raise awareness but I am so beat and it's all just getting worse. I wish I had been able to find a way to make an income while speaking this truth so I truly admire this guy.
Yeah, it's sucks when the ball drops and u realise that's its all a scam. But better to know than not, I just wish I'd realised before I hurt myself. But I am very lucky for where I am and the support that is provided to those who do not work, as small as it is.
I'll admit, I'd seen people get sacked on tele programmes and it was instant. I just thought it was for dramatic effect and just to keep the story short, then I watched some of Joshua's videos. I can't even begin to understand the feeling of going to work in the morning and not knowing if you'd still be employed at the end of the day. 😮
They probably would rather bond with their work families than their actual families waiting for them at home as they go on eating dinner. Lots of toxicity all around...
Truth. I had a colleague that used to tell me people were dumb. I always said..Frank, people aren't that dumb give them some credit. 20+ years later I realized... Frank was right. People are dumb.
I realized this a bit sooner than you did, while working part-time during college. God, once I came to that conclusion, my belief in humanity hit a new low. It's not wrong to initially give people the benefit of the doubt, but that's the only thing I'm willing give.
worked in a grocery store in college before my career. Let me tell ya Ms June. Never underestimate the stupidity and outright ignorance of your fellow man.
Never settle, and never get too comfortable at any job. Nobody is irreplaceable, and companies only keep someone until they come to the conclusion that they can’t make any more money off of them.
This is why folks--I guess a work/economic civil war is coming. This just doesn't make sense. Covid comes and they ramp up to more atrocities? ??? Idk what people are going to do but a big shakeup is needed.
Americans have become some of the most detached from reality. Had I saw what happened in December I would have put out my resume asap. These people fall into a delusional world in which reality itself doesn’t exist until it hits you on top of your head.
@@fuziontonygaming That’s because Disney and the mass media has lulled this population into a near coma. They are watching a catastrophe around them yet they are hoping against hope things get better. Vishal is a gigantic piece of crap and he will drive that company into the ground.
Yes. We had a round of layoffs and they kept referring to it as "this round". That wording was pretty much the writing on the wall. I update my resume with my new skills every six months or so just in case so I started updating it and sure enough, there was a round 2 and I was in the round 2. There is no such thing as job security.
It explains alot about why our country is so messed up anymore. No one is willing to confront facts, they just have their cherished "beliefs" and no amount of evidence will sway those beliefs. And this is true for people of all political "flavors". So nothing gets done because everyone is living in their head.
Years of Red Scare and anti-socialist propaganda has brainwashed them to the point where they're in complete denial. To be fair though, I'm seeing something similar here in Europe. Not as bad, but still... Even the old worker's parties have moved so far to the right that they're now center-right rather than left.
Anytime a company hires a consultant to evaluate one’s company, expect cuts everywhere! These consultants are mostly looking for bloat or what they consider unnecessary employees or finding ways to cut costs by limiting the required staff but increasing their work load because some metric tells them you should be able to complete said units or complete job functions in said time.. They are not there to make things better for the average employee.
Workers who aren't preparing themselves for a possible layoff or firing are kidding themselves. Before I left the company I was working for over twenty years I was preparing. I had a Plan A (stay long enough to retire) Plan B looking for another job (sending out application, resumes, and doing interviews), Plan C looking for another Job (sending out application, resumes, and doing interviews). I turned down a couple of jobs during this processing hanging on to the current gig. Luckily for me I was able to hang on to my job and make it to retirement and got a small pension when I left (yes, I actually had a pension). I was lucky but I was preparing all the time. I was not afraid to make a jump if need be. I was a cheerleader for the company but I was secretly anti corp. I nearly torpedoed myself once when I told a fellow employee my philosophy and he narced on me to a supervisor, Because I was a member of a union they just warned me not to discuss things with my fellow employee while on the clock. Once, they had my retirement notice in hand they just left me alone until the clock ran out. Again I was very lucky but I was still prepared if my luck ran out.
It astounds me that people still believe they should be “loyal” to a company 😂!! No!!! It’s a business, not a friend or family member. A business or corporation has characteristics of a psychopath who only gets off on profits. You DON’T MATTER to a company if your aren’t vital to its survival. Don’t get comfortable in your job folks, unless it’s a government job or you have a powerful union, stay updated on the health of your company/division or whatever. Keep your skills updated and resume ready. Happy capitalism y’all! Get money!
Sounds like capitalism is the problem to me. Why should i feel happy about about not making enough money working full time and having every aspect of my life be decided by few rich people because they dont have enough money for their third mansion.
@@eduardotejerasosa8476 capitalism has been the only economic structure that works long term. don't be so quick to dismiss it, even if it has some downsides
@@australian1018 care to explain? if anything capitalism would drive innovation to address climate change since there is a huge market gap there. look at sustainable energy and EVs.
It would annoy me a little less if they lied a little less. All of that nonsense about 'difficult decisions' is farcical. They could not care less! Thank you for the video.
You should know society provides them a lower bar. It's so common for women to be hired by meeting less than 50% of the job requirements while men gets overlooked though he can do 100% of the job
@@TheMantis25 I'm just saying that I'm not surprised highly paid ladies are dumb. There's so many bimbotic senior managers around who are hired not due to experience or capabilities
You know, I always get paranoid when my work password doesn't work that I've been locked out and fired. I laughed at myself, because that could never happen. Now I know it can.
I would have quit after the first layoffs if I wasn't in the first round personally. In my job they recently did layoffs, but I had already been interviewing so I'm back working again, but regardless of that after our layoffs they laid off more people that had been working with them for 10+ years. There is no loyalty no matter how long your tenure is.
@@Blazecfc the severance pay isn’t adequate generally. And ppl might take longer to find a suitable job, so it’s better to save as much as you can while doing a job search.
I like my job, enjoy my team, and have been there for 6 years (1 as a contractor and 5 as a full-time employee). But I always keep my LinkedIn profile set as "open to opportunities" and am often contacted by recruiters reaching out. I would much rather say no to multiple recruiters a week than have to scramble for a job if this happened to me. Always be looking, even if you're happy at your current employer. You are 10x more likely to be contacted while being employed than if you are not and desperately looking.
@@SL-lz9jr I'm in my mid 30's and just learned this the about 5 years ago I got blindsided by a layoff notice when I was 6 months pregnant. Thankfully my employer told us 10 months ahead of they layoff date so we had lots of time to find a new job, and paid us periodic retention bonuses for those of us that stayed and helped train the new team (I am in Seattle and the new team was in Nashville) I think it totaled to about 10 grand total, and I was able to find a new position in the same company, just different business (the company is a pretty well known medical device company that makes a lot of different kinds of products). But I know this was a very uncommon thing, but I think because the company is headquartered in the Netherlands, they followed the EU protocol in conducting layoffs and not the crappy American model
@@whitneyr.846 So does it mean you learnt of it in your mid-late 20s? You said you work for a major medical device company headquartered in Netherlands. I am going to be doing my masters in medical electronics/biomedical engineering. It makes me happy that our field is at least better. (No pun indented xD). Were you/ are you in engineering roles? Your employer seems to have had a much better process than most US ones.
I've never understood these types of layoffs where you're just suddenly fired without notice. Didn't any of these employees have pending work left which needed to be done? Who decides who is going to be "laid off"? Is it just HR picking names like a lottery? And if they're going to pay 60 days of severance anyway, why not just let the employee continue working on notice for that period?
It's just basic security to not give people you've fired access to your company resources, who knows what they would do with the access knowing that they've been fired. In fact, before we all went remote, this getting locked out is equivalent to getting walked out by security the moment they fire you.
My company during covid let go 10%, cut our pay by 10%-15% and kept on a diversity and sustainability officer. Then they reported record profits for the year.
@@invictuz4803 im sure employees wouldn't mind being given a few months notice before they are let go in lieu of severance. they can start looking for new job.
There's lots of these QA, data entry, client management, HR jobs where work is very much a daily thing, not really any projects or active system management. You can easily transfer the tasks to other people remaining in the department and basically just make whoever is remaining run really lean.
They were very lucky to get any severance check! I worked for AMD, HP, Toshiba and EDS and others and never got a severance check in my life. And there is nothing senior about being on a job for 2.5 years!
When I worked in a startup some of the "senior" officers literally only worked there maybe a year or so. Crazily, within that environment they are more lenient in giving people promotions in a short span of time.
it wasn't luck, they were given the _bare minimum_ that was required by law it's like when CEOs say things like "I have wonderful employees; if only I could give them all raises because they deserve it" while making billions in annual profit and (behind the scenes) saying things like "if workers want more money, they should ask the gov. to raise the minimum wage, not asking me"
I thought tech companies like intel, AMD, HP, DELL, THOSIBA, EDS, etc had better severance & employee protection than that. When was this? Did you work in the USA?
I left a previous permanent job over 8 years ago and pretty much worked as an agency worker for for 7 years, until I took a permanent job a year ago. I initially said I would never go back to permanent work because I have little faith in job security. But I kind of took this one reluctantly because of work shortages due to the pandemic, but I often said to my colleague that I'm unable to view any 'permanent' job as actually permanent. I just don't trust the idea of a secure job anymore. Anyway, just last month we found out the company was really suffering and has been taken over by another giant; and all of us 70+ workers are being made redundant (that's our entire warehouse). And most other warehouses around the country will be having a percentage of staff cut: Worldwide the cuts go into the thousands. Thankfully, because of my mentality, I had been saving money like a Mo Fo this whole year because, well, you just never know. When we found out the bad news of the company's struggles, supervisors and managers were telling us " don't worry, your particular jobs will not be affected ", and I was thinking, 'say what you want, I don't believe promises'; and here we are now, out on the road. If I was skeptical before, I'm much worse now and will never ever view ANY future job as 'permanent'.
i trust management as far as i could throw the well-paid turds. i never believe a single friggin word outta their face-holes - always got a plan B, done-up resume waiting and a year's savings sitting in the credit union. Never trust or believe management. their job is to look out for number one and if it means lying/backstabbing the drones they would never hesitate. why should i?
And honestly it is what it is. No company respects any of its employees. Everyone is just a number to them. The ceo got millions into his account the other day while they sent out dozens of resumes
I applied to Better a few weeks ago, full well knowing its reputation, hoping to land an easy gig where I could fly under the radar due to disorganization. The first call was rescheduled by the recruiter 20 minutes before it began, and then they ghosted. Now I see why.
Team over-employed. I have two remote jobs while I'm building my business. If I lose one, I'll find another. I hope the laid-off employees find better jobs soon.
Thanks for taking a moment at the end of the video. I lost my job in 2020 and had to take a pay cut on the next two jobs 2021 and 2022. Finally I am making a little more than I used in 2020, but considering inflation I am back at square one.
That night was a nightmare for me. We were not even informed that we were getting laid off. No one called me since that time. They had my incorrect email address. I am so scared that whether i will get my severance check or not.
Great video Josh, Keep doing what you're doing. Corporate may hate you but deep down millions of us hate it. We all wish for a more simple life, less worry abouy bills and money and more time with family/yourself. We're in 2022 and somehow haven't progressed at all in some facets
Every time I've worked for a company or org having financial issues, layoffs were not a surprise at all and were seen coming months away (including when I was put on the chopping block too). Before the first round, yeah I could sympathize, but agreed, at this point anyone knows just what's going on with Better and if you stay there, you get to deal with the consequences
That's why it's important for modern workers to always be looking for the next job and to bail at a moment's notice. It's also good to have some money put away for unemployment. Crypto is a good place for that. Undetectable.
Yeah. The first time (which I was part of) I wasn't really expecting it but because other real estate companies were doing layoffs, I had an inkling we might too. Which, of course, it happened. But after the first round, ya gotta be delusional not to start looking elsewhere
I always watch to see what the middle and senior staff are doing. If they start jumping ship it's time to put out feelers. I learned that factoid with my first Web Design job. Water runs downhill and it will eventually reach you.
That "SSenior Loan Officer" is probably only senior in the way you can be a "senior developer". Doesn't have any link to management necessarily. If (s)he didn't come from another position, getting to "senior" in under 2.5 years is a meme in itself.
When I was straight out of the military I made it through round 1 of layoffs with a company, get the “no more layoffs speech”, 2 months later bam. Layed off in round 2. Businesses don’t care, the sooner people learn that lesson, the sooner we can get beyond the bootlicking BS. Also ✊🇺🇦
That kool aid is really strong. If I had a company try to rope me in with this family values or like a family crap I would be looking else where. Companies like this propagate the great resignation mentality by their lack of caring and their HR attitudes.
Keep on making these video man 🤘🏼 I know my comments sound like a broken record, but your videos broke me through the corporate BS that I'd bought into. In a year I've tripled my salary by playing the same game C suite execs play with their workers. And your videos helped me finally get through to a good friend of mine too. He just got a new job almost doubling his salary two weeks ago. You're helping expose people to the truth of corporate work more than anyone else I know
*Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market/crypto market has plenty of opportunities to earn a decent payout even in a downtrend, with the right skills and proper understanding of how the market works.*
@@tioyulanda6171 You are so right. I know because my advisor is able to find so many good plays. My portfolio literally went from $300k to $1.1m last year (not counting withdrawals I made) all really exciting. I guess it’s the experience and better judgement.
*I invest with mrs Eunice mattia too , she charge a 15%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit…*
Mrs Eunice Mattia really knows her way around trading, its evident from her deep knowledge of how the market works, reading signals to perfection, i feel very safe trading with her.
As part of the original 900, the handful of colleagues from my team that didn't get the ax have definitely been looking or has already gotten another job. One manager evidently didn't even give notice. Badass! Love it! I haven't even read a single headline but even I knew this was coming. Sucks for the 4,000 who lost their jobs but I'm sure they'll land on their feet. I still have recruiters finding me on LinkedIn so I'm sure they'll be fine. Once the shock wears off. Definitely a "how rude!" moment (anyone catch the Stephanie Tanner reference from Full House?)
Believe it or not decades ago there used to be some companies that actually treated employees like family and friends. Those days dissapeared because of the lack of morals in todays society, add on crap pop culture, and viola,shitty soulless business culture. Deals used to be made on a handshake 🤝and his word ,now without honor you need 10 lawyers looking for a way to screw over the client with wording,WTF
I think at this point Josh has enough info from this whole "Better" saga to write a screenplay. Leonardo DiCaprio can play the clueless CEO; he may have to draw frlm his experience playing Kandy in Django Unchained.
This should be employment fraud. When you tell employees there will be no more layoffs, and shortly follow it with more layoffs. It's no different than fraudulent advertising. The company has made clear statements that should be reliably taken seriously about the security of employees positions.
This is so sad. The situation should look like a sinking ship to the remaining employees, but instead it’s like a Bachelor rose ceremony. The folks who still have a pay cheque just feel so lucky they haven’t been let go... at least not yet.
I just got laid off in a very disgusting way by one of these “family culture” companies. Wasn’t even able to say goodbye, because they did it on national holiday and stripped me away from my accesses the same day. I will be more cynical about companies going forward for sure…
The moment when a UA-camr shows more sympathy and compassion towards let go employees than the company or CEO themselves...really telling of the horrible work culture we're in nowadays
To be honest, 6-8 weeks of severance is a pretty awesome deal. If I was going to get that every time I got laid off, I'd try to do so more often. (Assuming that one can find an equivalent job within 6 weeks, which isn't that far fetched for some people)
Not to forgewt that nice clause in the severance agreement where you MUST sign to not sue the company else bye bye severance check - happened with me with $bigMediaCompanyNotInVideo
All mortgage companies hire and fire with refi volume. Refi volume hit record highs and now fell back to earth very suddenly. They are not done. There will be more.
Joshua, you actually have the intelligence, the charm, the empathy, and the looks to be a great leader. I think you could really help people in some capacity.
opportunities are too much. I only calmed it down a bit when I realized I've been so miserable experiencing all those hardships as well as voicing them around me constantly for years, which made my environment miserable as well. I still voice it to raise awareness but I am so beat and it's all just getting worse. I wish I had been able to find a way to make an income while speaking this truth so I truly admire this guy. is processing hanging on to the current gig. Luckily for me I was able to hang on to my job and make it to retirement and got a small pension when I left (yes, I actually had a pension). I was lucky but I was preparing all the time. I was not afraid to make a jump if need be. Every remaining employee should start looking for another job and jump ship ASAP. Let the company fail simply by having no employees left.
This company is done. No sane investor is going to touch it and nobody looking for work is going to chance it. Good riddance. That CEO needs to rethink what he should be doing in life.
People have been losing their homes and families in Africa and Middle East for the last 50 years. Where have all these sympathizers been? I guess people need to have blue eyes and blonde hair for others to care.
At this point I’m almost wondering if US should adopt Japanese employee employment protections to avoid bullshit like this. It’s pretty gosh dang clear the company is acting out of bad faith… it also looks like this reduction is to cut out a part of what little value the company has to protect the company from the CEO’s lawsuit that has the potential to dismantle the company. Also 60 days worth of severance pay is a bad severance.
Isn't this the same company where the boss made death threats towards his employees, including at least one who got laid off? Being laid off from such a place would be a *relief* after that.
I looked on linkedin earlier and saw the “im so glad to be let go” posts… One woman was ecstatic that she had a few weeks of benefits after being let go
Wow. It saddens me, I feel for the employees who were affected. Don't try to defend a company that doesn't have the courage to do the right thing. People > Profit. Word of 2022= Gross 🤢
Any company that fires 900 people one day, then 4000 the next, is in serious trouble. Not a good sign of a healthy and secure company. Any remaining employees need to get a new job asap.
I agree. I was watching another clip on this incident and I agree with the person that advised the remaining employees there to start prepping their resumes.
Exactly, this company must be STRUGGLING. On top of that horribly poor leadership as shown by vashal
Renault just laid off 35 thousand people when they shut down the Russian factory - but that's on Putin, not the company
Thanks for explaining that. I don't think anyone else would have figured it out.
@@waytospergtherebro Well Mr sarcasm, 4000 people clearly didn't get the message after the first 900 were fired did they?
Josh is such a valuable service to society, raising awareness and calling these places out. I tried and get out of this mess called making a living to survive, while maintaining your sanity. Neither is really possible. The lies and manipulation and just overall dysfunctionality are too much. I only calmed it down a bit when I realized I've been so miserable experiencing all those hardships as well as voicing them around me constantly for years, which made my environment miserable as well. I still voice it to raise awareness but I am so beat and it's all just getting worse. I wish I had been able to find a way to make an income while speaking this truth so I truly admire this guy.
Yeah, it's sucks when the ball drops and u realise that's its all a scam. But better to know than not, I just wish I'd realised before I hurt myself. But I am very lucky for where I am and the support that is provided to those who do not work, as small as it is.
Getting played off sux, never get comfortable, keep your skills up and eyes open.
Just know you are not alone on this feeling. I have been so overwhelmed and just all around tired.
I'll admit, I'd seen people get sacked on tele programmes and it was instant. I just thought it was for dramatic effect and just to keep the story short, then I watched some of Joshua's videos.
I can't even begin to understand the feeling of going to work in the morning and not knowing if you'd still be employed at the end of the day. 😮
Who are the idiots who still trust the company enough to stay there instead of looking for a new job...
Sad thing is, people will probably still believe their next employer is their new family.
They probably would rather bond with their work families than their actual families waiting for them at home as they go on eating dinner. Lots of toxicity all around...
The irony of that company's name is mind numbly ironic.
Lol
yea, it's getting ... 'better' and 'better' ...
Right?
*Better* find a new job ASAP.
It must be some sort of giant troll.
Truth. I had a colleague that used to tell me people were dumb. I always said..Frank, people aren't that dumb give them some credit. 20+ years later I realized... Frank was right. People are dumb.
you needed 20 years for that conclussion?
Had the same journey with politicians all being the same.
@@majstealth too much faith in people...I also didn't have personal experience with dumb people. The last couple of years have been an eye opener.
I realized this a bit sooner than you did, while working part-time during college. God, once I came to that conclusion, my belief in humanity hit a new low. It's not wrong to initially give people the benefit of the doubt, but that's the only thing I'm willing give.
worked in a grocery store in college before my career. Let me tell ya Ms June. Never underestimate the stupidity and outright ignorance of your fellow man.
HR: Shouldn't we notify them they are fired?
CORP: Nah, just send a severance check. They'll connect the dots.
🤦♂️
Office Space IRL
🤦🏽
Well, they did fix the glitch
CORP: "Just turn off their computers"
If work is a family, that has to be one of the most dysfunctional families.
Not just dysfunctional, that kind of family would be called abusive.
whenever a senior leadership team is leaving, 90% of the time that is your red flag to leave.
Corporation: *Does massive layoff.*
Josh Fluke: "Aw shit, here we go again..."
This just keeps getting better and better.
Never settle, and never get too comfortable at any job. Nobody is irreplaceable, and companies only keep someone until they come to the conclusion that they can’t make any more money off of them.
Not only that, you need to keep moving every two years just to keep up with market pay.
This is why folks--I guess a work/economic civil war is coming. This just doesn't make sense. Covid comes and they ramp up to more atrocities? ???
Idk what people are going to do but a big shakeup is needed.
After learning what kind of a disgusting human being the CEO is, I would be sad if they didn't fire me.
😂
Why? That would make it even more satisfying when you quit.
and the CEO will have no repercussions.
Agreed. I would much rather be fired from that shithole and take the severance.
And the HR team is like the US Secret Service of the organization.
Americans have become some of the most detached from reality. Had I saw what happened in December I would have put out my resume asap. These people fall into a delusional world in which reality itself doesn’t exist until it hits you on top of your head.
That’s cause corporate America has brainwashed them with false expectations of job security.
@@fuziontonygaming That’s because Disney and the mass media has lulled this population into a near coma. They are watching a catastrophe around them yet they are hoping against hope things get better. Vishal is a gigantic piece of crap and he will drive that company into the ground.
Yes. We had a round of layoffs and they kept referring to it as "this round". That wording was pretty much the writing on the wall. I update my resume with my new skills every six months or so just in case so I started updating it and sure enough, there was a round 2 and I was in the round 2. There is no such thing as job security.
It explains alot about why our country is so messed up anymore. No one is willing to confront facts, they just have their cherished "beliefs" and no amount of evidence will sway those beliefs. And this is true for people of all political "flavors". So nothing gets done because everyone is living in their head.
Years of Red Scare and anti-socialist propaganda has brainwashed them to the point where they're in complete denial.
To be fair though, I'm seeing something similar here in Europe. Not as bad, but still... Even the old worker's parties have moved so far to the right that they're now center-right rather than left.
Anytime a company hires a consultant to evaluate one’s company, expect cuts everywhere! These consultants are mostly looking for bloat or what they consider unnecessary employees or finding ways to cut costs by limiting the required staff but increasing their work load because some metric tells them you should be able to complete said units or complete job functions in said time..
They are not there to make things better for the average employee.
Office Space is a Documentary
Funny that bloat is never found in the C suite offices.
@@atomixfang They don't want to upset the people who contracted them
Workers who aren't preparing themselves for a possible layoff or firing are kidding themselves. Before I left the company I was working for over twenty years I was preparing. I had a Plan A (stay long enough to retire) Plan B looking for another job (sending out application, resumes, and doing interviews), Plan C looking for another Job (sending out application, resumes, and doing interviews). I turned down a couple of jobs during this processing hanging on to the current gig. Luckily for me I was able to hang on to my job and make it to retirement and got a small pension when I left (yes, I actually had a pension). I was lucky but I was preparing all the time. I was not afraid to make a jump if need be. I was a cheerleader for the company but I was secretly anti corp. I nearly torpedoed myself once when I told a fellow employee my philosophy and he narced on me to a supervisor, Because I was a member of a union they just warned me not to discuss things with my fellow employee while on the clock. Once, they had my retirement notice in hand they just left me alone until the clock ran out. Again I was very lucky but I was still prepared if my luck ran out.
It astounds me that people still believe they should be “loyal” to a company 😂!! No!!! It’s a business, not a friend or family member. A business or corporation has characteristics of a psychopath who only gets off on profits. You DON’T MATTER to a company if your aren’t vital to its survival. Don’t get comfortable in your job folks, unless it’s a government job or you have a powerful union, stay updated on the health of your company/division or whatever. Keep your skills updated and resume ready. Happy capitalism y’all! Get money!
Sounds like capitalism is the problem to me. Why should i feel happy about about not making enough money working full time and having every aspect of my life be decided by few rich people because they dont have enough money for their third mansion.
Why is that you can see the problem with how companies act but no problem with the system which allows them to operate this way?
@@eduardotejerasosa8476 capitalism has been the only economic structure that works long term. don't be so quick to dismiss it, even if it has some downsides
@@thewatermelon3831 oh its going to have a big downside once Climate Change goes full throttle.
@@australian1018 care to explain? if anything capitalism would drive innovation to address climate change since there is a huge market gap there. look at sustainable energy and EVs.
It would annoy me a little less if they lied a little less. All of that nonsense about 'difficult decisions' is farcical. They could not care less!
Thank you for the video.
Slow motion train wreck coverage is my favorite coverage.
😂😂😂😂
My family is far from perfect. But my family doesn't throw me out without a discussion
That senior mortgage lady isn’t the sharpest tool in the shed. How can you not see that coming???? How is she a senior anything???
she is "senior" as in "senile"
You should know society provides them a lower bar. It's so common for women to be hired by meeting less than 50% of the job requirements while men gets overlooked though he can do 100% of the job
@@rejectwokeness1314 Well it seems whether they were 100% qualified or not regardless of gender they were all out the door.
@@TheMantis25 I'm just saying that I'm not surprised highly paid ladies are dumb. There's so many bimbotic senior managers around who are hired not due to experience or capabilities
@@rejectwokeness1314 That is true though. I've had my fair share of ones that I have worked with.
You know, I always get paranoid when my work password doesn't work that I've been locked out and fired. I laughed at myself, because that could never happen. Now I know it can.
I would have quit after the first layoffs if I wasn't in the first round personally. In my job they recently did layoffs, but I had already been interviewing so I'm back working again, but regardless of that after our layoffs they laid off more people that had been working with them for 10+ years. There is no loyalty no matter how long your tenure is.
Why quit when you could get the severance pay? Just prep that resume while you wait for the inevitable
@@Blazecfc the severance pay isn’t adequate generally. And ppl might take longer to find a suitable job, so it’s better to save as much as you can while doing a job search.
I would have stayed but done shit all for the company and just took the paycheck lol
Good for you! Anyone who isn't looking for a new job after this 2nd round of layoffs is delusional
@@Blazecfc like da way you think. make em pay. 😁
I like my job, enjoy my team, and have been there for 6 years (1 as a contractor and 5 as a full-time employee). But I always keep my LinkedIn profile set as "open to opportunities" and am often contacted by recruiters reaching out. I would much rather say no to multiple recruiters a week than have to scramble for a job if this happened to me. Always be looking, even if you're happy at your current employer. You are 10x more likely to be contacted while being employed than if you are not and desperately looking.
Great advice! Where were you when I needed this in my 20s? :)
@@SL-lz9jr I'm in my mid 30's and just learned this the about 5 years ago I got blindsided by a layoff notice when I was 6 months pregnant. Thankfully my employer told us 10 months ahead of they layoff date so we had lots of time to find a new job, and paid us periodic retention bonuses for those of us that stayed and helped train the new team (I am in Seattle and the new team was in Nashville) I think it totaled to about 10 grand total, and I was able to find a new position in the same company, just different business (the company is a pretty well known medical device company that makes a lot of different kinds of products). But I know this was a very uncommon thing, but I think because the company is headquartered in the Netherlands, they followed the EU protocol in conducting layoffs and not the crappy American model
@@whitneyr.846 So does it mean you learnt of it in your mid-late 20s?
You said you work for a major medical device company headquartered in Netherlands. I am going to be doing my masters in medical electronics/biomedical engineering. It makes me happy that our field is at least better. (No pun indented xD). Were you/ are you in engineering roles?
Your employer seems to have had a much better process than most US ones.
@@whitneyr.846 I love how smart & cold you are. I'm in my 20s & I'll surely add this to my linkedin.
I've never understood these types of layoffs where you're just suddenly fired without notice. Didn't any of these employees have pending work left which needed to be done? Who decides who is going to be "laid off"? Is it just HR picking names like a lottery? And if they're going to pay 60 days of severance anyway, why not just let the employee continue working on notice for that period?
no, they don't have work left to be done. these jobs have no long term commitments. everything is completed in the day, probably even within the hour.
It's just basic security to not give people you've fired access to your company resources, who knows what they would do with the access knowing that they've been fired. In fact, before we all went remote, this getting locked out is equivalent to getting walked out by security the moment they fire you.
My company during covid let go 10%, cut our pay by 10%-15% and kept on a diversity and sustainability officer. Then they reported record profits for the year.
@@invictuz4803 im sure employees wouldn't mind being given a few months notice before they are let go in lieu of severance. they can start looking for new job.
There's lots of these QA, data entry, client management, HR jobs where work is very much a daily thing, not really any projects or active system management. You can easily transfer the tasks to other people remaining in the department and basically just make whoever is remaining run really lean.
I bet a lot of the people who just got fired were the people defending and sucking off the company the first time around
Every remaining employee should start looking for another job and jump ship ASAP. Let the company fail simply by having no employees left.
They were very lucky to get any severance check! I worked for AMD, HP, Toshiba and EDS and others and never got a severance check in my life. And there is nothing senior about being on a job for 2.5 years!
When I worked in a startup some of the "senior" officers literally only worked there maybe a year or so. Crazily, within that environment they are more lenient in giving people promotions in a short span of time.
it wasn't luck, they were given the _bare minimum_ that was required by law
it's like when CEOs say things like "I have wonderful employees; if only I could give them all raises because they deserve it" while making billions in annual profit and (behind the scenes) saying things like "if workers want more money, they should ask the gov. to raise the minimum wage, not asking me"
I thought tech companies like intel, AMD, HP, DELL, THOSIBA, EDS, etc had better severance & employee protection than that. When was this? Did you work in the USA?
Thank you for taking a moment to recognize those that are suffering in War.
BETTER start looking for another job
Lol
I see what you did there... Lol.
BETTER Move On or BETTER Get The Hell Out
I left a previous permanent job over 8 years ago and pretty much worked as an agency worker for for 7 years, until I took a permanent job a year ago. I initially said I would never go back to permanent work because I have little faith in job security. But I kind of took this one reluctantly because of work shortages due to the pandemic, but I often said to my colleague that I'm unable to view any 'permanent' job as actually permanent. I just don't trust the idea of a secure job anymore.
Anyway, just last month we found out the company was really suffering and has been taken over by another giant; and all of us 70+ workers are being made redundant (that's our entire warehouse). And most other warehouses around the country will be having a percentage of staff cut: Worldwide the cuts go into the thousands.
Thankfully, because of my mentality, I had been saving money like a Mo Fo this whole year because, well, you just never know. When we found out the bad news of the company's struggles, supervisors and managers were telling us " don't worry, your particular jobs will not be affected ", and I was thinking, 'say what you want, I don't believe promises'; and here we are now, out on the road. If I was skeptical before, I'm much worse now and will never ever view ANY future job as 'permanent'.
i trust management as far as i could throw the well-paid turds. i never believe a single friggin word outta their face-holes - always got a plan B, done-up resume waiting and a year's savings sitting in the credit union.
Never trust or believe management. their job is to look out for number one and if it means lying/backstabbing the drones they would never hesitate. why should i?
I don’t recall seeing a company grow from mass layoff.
I can't say I'm surprised!
Lack of empathy is on the rise
It has always been too damn high
@@marcogenovesi8570 truth, went from 90 percent to 1000 percent
@@reboundingfromnarcissistic5386 Still manageable until they start killing you because you are wasting "their" air and space -_-
@@simonebernacchia5724 that's probably coming
And honestly it is what it is. No company respects any of its employees. Everyone is just a number to them. The ceo got millions into his account the other day while they sent out dozens of resumes
I was waiting for this today!!! 😂
I applied to Better a few weeks ago, full well knowing its reputation, hoping to land an easy gig where I could fly under the radar due to disorganization.
The first call was rescheduled by the recruiter 20 minutes before it began, and then they ghosted.
Now I see why.
Team over-employed. I have two remote jobs while I'm building my business.
If I lose one, I'll find another. I hope the laid-off employees find better jobs soon.
Thanks for taking a moment at the end of the video. I lost my job in 2020 and had to take a pay cut on the next two jobs 2021 and 2022. Finally I am making a little more than I used in 2020, but considering inflation I am back at square one.
That flag on your monitor is stunning and brave!
Joshua man, your closing remarks here-now that’s the REAL right there… 🇺🇦
Thank you
That night was a nightmare for me. We were not even informed that we were getting laid off. No one called me since that time. They had my incorrect email address. I am so scared that whether i will get my severance check or not.
Get a radio channel, Josh. This is what 9-5 ers should be listening to on their morning commute to work.
Great video Josh, Keep doing what you're doing. Corporate may hate you but deep down millions of us hate it. We all wish for a more simple life, less worry abouy bills and money and more time with family/yourself. We're in 2022 and somehow haven't progressed at all in some facets
Its unending cycle of "so sad our colleagues/family got fired" and "we so sad and devasted we got fired".
Every time I've worked for a company or org having financial issues, layoffs were not a surprise at all and were seen coming months away (including when I was put on the chopping block too).
Before the first round, yeah I could sympathize, but agreed, at this point anyone knows just what's going on with Better and if you stay there, you get to deal with the consequences
That's why it's important for modern workers to always be looking for the next job and to bail at a moment's notice. It's also good to have some money put away for unemployment. Crypto is a good place for that. Undetectable.
Yeah. The first time (which I was part of) I wasn't really expecting it but because other real estate companies were doing layoffs, I had an inkling we might too. Which, of course, it happened. But after the first round, ya gotta be delusional not to start looking elsewhere
@@SL-lz9jr I hope you were able to find a better company to work for (pun unintended but unavoidable) or will find one soon.
I always watch to see what the middle and senior staff are doing. If they start jumping ship it's time to put out feelers. I learned that factoid with my first Web Design job. Water runs downhill and it will eventually reach you.
@@claytonbouldin9381 So true. Pay special close attention to if anyone who handles the org's budgets starts getting especially jumpy.
Love your content josh!
That "SSenior Loan Officer" is probably only senior in the way you can be a "senior developer". Doesn't have any link to management necessarily. If (s)he didn't come from another position, getting to "senior" in under 2.5 years is a meme in itself.
When I was straight out of the military I made it through round 1 of layoffs with a company, get the “no more layoffs speech”, 2 months later bam. Layed off in round 2. Businesses don’t care, the sooner people learn that lesson, the sooner we can get beyond the bootlicking BS.
Also ✊🇺🇦
That kool aid is really strong. If I had a company try to rope me in with this family values or like a family crap I would be looking else where. Companies like this propagate the great resignation mentality by their lack of caring and their HR attitudes.
Thank you, Joshua. I'm from Ukraine and that wallpaper on your screen means a lot to me.
Keep on making these video man 🤘🏼 I know my comments sound like a broken record, but your videos broke me through the corporate BS that I'd bought into. In a year I've tripled my salary by playing the same game C suite execs play with their workers. And your videos helped me finally get through to a good friend of mine too. He just got a new job almost doubling his salary two weeks ago. You're helping expose people to the truth of corporate work more than anyone else I know
This company is hardly 8 years old...How did they accumulate that huge number of employees!?
Thanks for taking the extra moment at the end. It felt like you were sending out hugs.
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They gave out the severance checks before even putting the people on notice?! I never heard of such sh*t!
One definition of Alumni does apply to co-workers. But like you, I do think of schoolmates first.
they are a loan company and rates are going up meaning less people are going to apply for loans. making these peoples jobs pointless.
The Great Resignation looks more like the Great Layoff
As part of the original 900, the handful of colleagues from my team that didn't get the ax have definitely been looking or has already gotten another job. One manager evidently didn't even give notice. Badass! Love it! I haven't even read a single headline but even I knew this was coming. Sucks for the 4,000 who lost their jobs but I'm sure they'll land on their feet. I still have recruiters finding me on LinkedIn so I'm sure they'll be fine. Once the shock wears off. Definitely a "how rude!" moment (anyone catch the Stephanie Tanner reference from Full House?)
Believe it or not decades ago there used to be some companies that actually treated employees like family and friends. Those days dissapeared because of the lack of morals in todays society, add on crap pop culture, and viola,shitty soulless business culture. Deals used to be made on a handshake 🤝and his word ,now without honor you need 10 lawyers looking for a way to screw over the client with wording,WTF
I think at this point Josh has enough info from this whole "Better" saga to write a screenplay. Leonardo DiCaprio can play the clueless CEO; he may have to draw frlm his experience playing Kandy in Django Unchained.
This should be employment fraud. When you tell employees there will be no more layoffs, and shortly follow it with more layoffs.
It's no different than fraudulent advertising. The company has made clear statements that should be reliably taken seriously about the security of employees positions.
This is so sad. The situation should look like a sinking ship to the remaining employees, but instead it’s like a Bachelor rose ceremony. The folks who still have a pay cheque just feel so lucky they haven’t been let go... at least not yet.
Better be prepared for worst than better when at better, but hardly can get better with better.
Thanks for keeping it straight with people. Appreciate the videos.
I just got laid off in a very disgusting way by one of these “family culture” companies. Wasn’t even able to say goodbye, because they did it on national holiday and stripped me away from my accesses the same day. I will be more cynical about companies going forward for sure…
Employment is a game of musical chairs. The music stops, they take away more chairs.
The moment when a UA-camr shows more sympathy and compassion towards let go employees than the company or CEO themselves...really telling of the horrible work culture we're in nowadays
“We are a family!” 🤣🤣
This is a gift which just keeps on giving.
Thank you Josh for continuing to bring awareness to the mass gaslighting happening in corporate America.
To be honest, 6-8 weeks of severance is a pretty awesome deal. If I was going to get that every time I got laid off, I'd try to do so more often. (Assuming that one can find an equivalent job within 6 weeks, which isn't that far fetched for some people)
I’m guessing they offered it because last time they almost broke the law by not offering enough.
well it looks really bad on your resume if you aren't at a job for like at least a year or two.
Not to forgewt that nice clause in the severance agreement where you MUST sign to not sue the company else bye bye severance check - happened with me with $bigMediaCompanyNotInVideo
@@m1rac1e Fuck no. That's bullshit. Tech land doesn't give a fuck. You can also tell them it was a temp contract job. Fuck it.
@@J3unG im just entering the field so maybe it's different after you have a lot of experience.
4000 workers fired? Well that’s odd i thought there was a shortage of technology workers.. -:)))
Did you see the article from the morgan stanley CEO about people returning to work? You definitely need to make a video on that.
Imagine all the back stabbing going on right now at Better, it's a fight for survival there!
Great Content Josh!!
All mortgage companies hire and fire with refi volume. Refi volume hit record highs and now fell back to earth very suddenly. They are not done. There will be more.
"hired outside company" probably means they have an outsider telling them how to cut costs and telling them who to fire.
Joshua, you actually have the intelligence, the charm, the empathy, and the looks to be a great leader. I think you could really help people in some capacity.
Soon as I saw the news I was waiting for this vid
This 4000 employees can start there own company or make a cult to take revenge against better. They just need a good leader.
opportunities are too much. I only calmed it down a bit when I realized I've been so miserable experiencing all those hardships as well as voicing them around me constantly for years, which made my environment miserable as well. I still voice it to raise awareness but I am so beat and it's all just getting worse. I wish I had been able to find a way to make an income while speaking this truth so I truly admire this guy. is processing hanging on to the current gig. Luckily for me I was able to hang on to my job and make it to retirement and got a small pension when I left (yes, I actually had a pension). I was lucky but I was preparing all the time. I was not afraid to make a jump if need be. Every remaining employee should start looking for another job and jump ship ASAP. Let the company fail simply by having no employees left.
First thing I thought when I saw the news headline was "oooo Josh and is going to love/hate this"
This company is done. No sane investor is going to touch it and nobody looking for work is going to chance it. Good riddance. That CEO needs to rethink what he should be doing in life.
I’ve been waiting for this video ever since I heard about the new round of layoffs.
People have been losing their homes and families in Africa and Middle East for the last 50 years. Where have all these sympathizers been? I guess people need to have blue eyes and blonde hair for others to care.
At this point I’m almost wondering if US should adopt Japanese employee employment protections to avoid bullshit like this.
It’s pretty gosh dang clear the company is acting out of bad faith… it also looks like this reduction is to cut out a part of what little value the company has to protect the company from the CEO’s lawsuit that has the potential to dismantle the company.
Also 60 days worth of severance pay is a bad severance.
Josh, I dig what you're saying, and you could say more. There's much to be said.
Lovin' it!!
Isn't this the same company where the boss made death threats towards his employees, including at least one who got laid off? Being laid off from such a place would be a *relief* after that.
I looked on linkedin earlier and saw the “im so glad to be let go” posts…
One woman was ecstatic that she had a few weeks of benefits after being let go
I always keep a separate savings account for moments like this even if it’s a little bit it definitely holds me down until I get another gig
Wow.
It saddens me, I feel for the employees who were affected.
Don't try to defend a company that doesn't have the courage to do the right thing.
People > Profit.
Word of 2022= Gross 🤢
For now, i foresee word of 2022 = nuked (us)
BROOOOO he hired 1000 employees in INDIA AFTER FIRING EVERYONE!!!!!!!
Amazing video
I would have been looking if I survived after the first round! It doesn't take a genius to realize this company isn't worth working at!
Josh remember when you said there were only 4 parts? I ‘member (again).
The definition of prayer is how to do nothing and still think you're helping.
It would never happen but how great would it be if all the employees just walked out the door
Guess the CEO's needed a new ⛵ ⛵