It's funny execs and managers fire employees "effective immediately" but they don't like when employees resign "effective immediately"!?! This thing goes both ways 🤷🏾♂️.
@@Cakebattered i mean you can't blame a generation who been taught that conformity and obidience is virtue. And trouble making is met with swift discipline.
How would you like it if a critical piece of the machine which earns you money suddenly stopped functioning? You'd have to actually do your job and find a replacement for them. Think of the managers! /s
So good to see you coming back and make these type of videos. Its not because of the negativity or toxicity, its because you make us alert in what to expect or not from companies. Too many people lose themselves because of "company culture" just to be laid off.
Josh - you should absolutely continue with these kind of videos. Highlight the BS that companies do. They always promise that the previous layoff was the last one. It never is.
The whole industry is hurting, all mortgages are down and refinance are down over 60 percent . Should they keep everyone and just let the entire company collapse?
@@Mac_Raymond then you adapt. Name another company that had multiple massive layoffs within six months. This shows that there’s something definitely fucked up within the company. Maybe the CEO should take a lower paycheck instead of giving himself a massive bonus but nope it’s greed at its finest.
I was GM contract worker, and during the economic crash of 2007. We had the same scenario. Early conference call got let, go, later call were still working. This isn't a generational thing, I' m retired now a old boomer. Later they did get rid of us people that had been there a long time, hiring people for less than half of what we were getting. All during this time we were told, " your'e lucky you got a job." The only advice I can give you young people, was what my dad told me, "your'e never going to make money working for somebody else." I should have listened to him. It used to be if you got hired a person's word was as good as gold. Not anymore.
That's a fact. The only way to live comfortably in the US and the world really, is to have your own business. Your own service. If people need it, it will sell itself.
If I worked at this company when they offered those volunteer severance packages I would've definitely taken it....it's like they're basically telling you the company's a sinking ship and offering a life preserver. Might as well take it since they're gonna lay you off anyway. At this rate i'd be surprised if they're still around in 5-10 years.
@@ChristAliveForevermore yeah fire you without severerance. If it's not in writing it didn't happen. That being said there is unemployment insurance and it's often cheaper and prevents lawsuits to payout.
This guy can't run a company and blames the employees, thinking if he gets new employees that should solve the problem. Its like a student going to the book store to get more study supplies because somehow that will make them know the subject instead of acknowledging that they have to actually sit down and study, they can't just buy more books.
It's more like when the company is underperforming, something have to change. There are many new focuses and directions that the company have to take to slowly regain its current trajectory of revenue. Either the big exec people have to go, or the lower position have to go, and add in new position that fits more with the company's new direction forward. Maybe they want to focus more on advertising to new people first to gather customers and capitals, then the dev people who doesn't work directly on the advertising campaign is redundant at the time. When they have the capitals, they can rehire people latter. So "strong performer but at the wrong place, wrong time" is reasonable decision to let go. It's all about keeping the company afloat and meeting current business direction first. A good business would fire some of the exec, the low performed low position people and even the "strong performer but at the wrong place, wrong time" low position people. Then that business will monitor the new employees to see their progresses and metrics compare to the previously fired people's and decide who to keep, who to continue fire, then rehire until that business reach a sustainable workforce for the company's direction. This is all just business theory and of course in reality, the exec people could just want to benefit themselves. Of course for the employee, this sucks, but for business owners and people at exec level, this is something one must decide so that the company doesn't go completely bankrupt, which will be way worse than current situation.
He seems to be running it just fine. Actually he has managed to do this many times over. Stands to reason those people were not critical to the operation of anything. Or?
@@TheSoulCrisis oh I know. Started looking in December for something different and left the company in march. Loved my job up until December and then everything changed . Leadership and management stopped caring and company culture was dumped in the can along with the first 900.
I used to work for a small(er) business. It’s actually a large business for the whole region with only 3 employees. I was truly abused by their corporate shit with really low wage pay check. I managed to get trough sever burn out and find enough strength to find a new job. It’s actually a job I manifested. I can’t believe I found it. They are totally against corporate culture. They don’t micromanage. We work remote. All my friends said I’m completely different person now. Your videos made me realise what a bullshit company I used to work for and I learned that I deserve better. So thank you!
Glad to hear! I was also a victim of corporate abuse. Josh is doing the Lord’s work. I also have a (mostly) remote job making double the money my old abusive company was paying me.
And you actually think you will be in any position to compete? Either they go out of business on their own accord because those people actually did anything, or you are working with the least productive people.
If management makes that big of a swing and miss then that's a management issue. I suspect this company only exists to spend venture capital and not to actually do something.
I have a job interview in like 30 minutes. Been watching your videos for nearly a year now and learning everything I could about how all of this stuff really works. Thank you very much for all you've done up to this point, Josh. I'm positive there are others like me who've been learning from you. Keep up the awesome work. Entertaining and educational stuff, man.
Update: I woke up to find out I did not get the job. Not because of qualifications or lack there of Not because I don't know exactly what I'd be doing in the position and would clap cheeks as a huge asset But because they were looking for someone to work on-site... I was even instructed to do a speed test of my internet AT HOME lmao. Never mind I had nasty spine surgery back in November and the pain is scathing. Never mind I only have one eye left with barely any vision and transportation is a maaad hooch and a half. Such a massive waste of my time, but I knew what I was getting into, once again, thanks to Josh's videos. Can't thank you enough, man. Now I'm going to exercise the rage away instead of something silly like drinking. To all of you reading this: Whatever you have to do today Good luck and *show no mercy*
Never get comfortable at a "start up". Nearly all startups end in abject failure and nearly all that survive end up firing everyone because they are running out of money and the VCs who invested in their stupid idea are becoming impatient and thus force the founders to pivot to an idea less stupid and more attainable. Get the bag and always be planning an exit strategy.
Calling Better a "start-up" is misleading even though the rest of what you've written is true. They were started 8 years ago and have thousands of employees...that's not a start-up by any reasonable definition of the word. They are an established company.
I had a call with one of their recruiters last year and they were hiring 20 engineers a month. I was not interested in continuing the interview process after learning they outsourced their tech screens to a third party.
They are the type who would be furious at someone resigning the day before they lay them off because they want the power and authority to control their situation. 🤦♂️
I've had a few people on LinkedIn that did the whole "Today was my last day as a BETTER employee. It was a shock that I was included in another layoff." Like how tf are you surprised?!?!
They call it "better". because you better have another job lined up while you work for them. Most importantly... who's still trying to work there?! How do they still have employees?!
This kind of companies don't deserve to have any employees at all. The true A-player (top performing person) would never ever apply to work at these shitty organizations.
Why not? You get paid more, safe in the knowledge that your efforts aren't going towards propping up actors in HR and unproductive people. Moreover, there is less of a chance morons will be around to ask stupid questions or ask to have work done.
This had absolutely nothing to do with "productivity" and everything to do with management thinking they could increase their margins by cutting "overhead"(you) and thinking your work can be offloaded onto others without paying them for that extra work.
I am tempted to apply and be unproductive just to get a severance package. But sadly, they're only hiring senior executives right now. We should flood them with resumes anyways, just to flip them off with an overload of applications.
If you’re ever in this position, take the severance package if you’re not sure your job is secure. The terms are always better than if you’re fired, and you look like a Chad in the process.
The fact that he yells so much with occasional spike in his voice along with "harsh" words (bloodbath) clearly shows that he still has some amount of Indian tyranical behavior mindset left i.e. Considering your employees as inferior and always talking to them in a condescending way as if they belong to a low caste or race). Souce: Indian Myself.
Not that I want to stereotype your people like this but I find a lot of Indians I interact with on the job have this kind of attitude and demeanor and it really doesn't look good for most of your people.
@@jfyne03 I totally agree. Voice raising and dominance is in the blood of Indians with "extra" words that don't help in solving the argument. I myself stay away from my comrades if they are thugs here in Canada. That's the best I can do but eventually the race gets blamed. We're still like 70-80 years behind.
@@petergriffin513 it's unfortunate because where I'm from, my kind pretty much disregard their own on the fields. The minute they get managerial positions or leadership roles, they go ballistic and don't know how to handle themselves
@@jfyne03 Wait till you come to India. Atleast in West,Indian bosses are forced to tone down their attitude. Here in India,the work culture is even worse,with sycophancy dominant.
Healthcare startup Calibrate's CEO used a Zoom call to announce layoffs affecting more than 150 staff. Minutes later, their company laptops were automatically wiped.
Reminds me of the weekly mass layoffs at the dotcom where I worked in 2001. A short meeting and then, “Everyone return to their cubicles and wait until further notice.” Then they would send managers around to call the terminated into conference rooms. More than once a more senior manager would terminate a junior manager who was in the process of terminating a team member. On one occasion, a distraught woman screamed, “Get the f-- away from me!” as the manager approached.
I'm amazed at how there hasn't been a mass resignation. The tone, audacity, and arrogance of this CEO screams "entitled." He's basically saying, "Your slave-labor-like job is your reward for making me successful." There IS a worker shortage out there. It's a job hunter's market. I'm sure 90% of these employees will be able to find other jobs that are better (no pun intended) in pay and treatment.
i dunno about u but this zoom conference video just inspired confidence in me in their ceo ......having the guts to do what is necessary to turn a profit ,firing deadbeats while recruiting performers at the same time!!! gonna invest nao!!!!!!
@@jont2576 He doesn't sound confident. He sounded threatening and weak. Everything was emotionally charged. Above all, a good CEO would not have recruited that many deadbeats. It seems he's making excuses and lies for his own mismanagement. Just WHAT ARE the metrics he's referring to? I've been at successful start-ups and really bad ones. This CEO sounds too familiar with the bad ones. I'm not against a company performing lay-offs, but his execution of everything screams "amateur." When companies lay off that many people in that many rounds, something is up. It doesn't look good for leadership. If you listen closely, he has no objective quantitative plan. What are the concrete metrics? What's the big-picture vision? What are the short-term quick-win goals that can give them some leeway. He has none of those. All he had were messages akin to "I am strong! And I'm making you work because my voice and tone are of a strong leader! You will follow! And this is me being a TOUGH, TAKE-NO-PRISONERS GENERAL!" It seemed very cheesy, cliched, and forced. At the end of the day, lacking any real leadership substance.
The infuriating part of all of this, to me, is that the CEO tried to moralize about the output of the employees axed in the first round of layoffs. Basically, he was calling them useless and lazy knowing full well that in reality they were likely going to have to axe thousands more.
I also hate when giving “pep talks” or trying to justify their crappy management of the company, they use sports and military lingo, or analogies, or euphemisms. Like they are high-ranking military officers mapping out a significant war strategy or football play. These people are goons, and I wouldn’t follow them on any “journey.” Not even to the latrine, which is apparently where they are headed.
Better is probably just spreading this out over several months in order to avoid any red flags being raised. If they'd fire 3000 people all at once in order to 'trim the fat' the severance packages have to be upped significantly.
This is illegal in the UK. You can't be firing people while you are also hiring others. It shows you have the jobs you just fire who you don't like. This gets you in bug trouble and rightfully sued.
It should be U.S. law that employers are required to give a 2 week notice before letting employees go. I'm a right wing voter and I strongly believe in this - come at me w your disagreements i'll tear em apart. Edit: If the concern is that the employee "cant be trusted" for 2 weeks, then a severance package of equivalent value will suffice.
I'm in corporate America and I can say with 110% certainty that I work "harder" (longer hours AND more efficient) than this Vishal guy. This dude is laughable.
"We're going to grind forward" means "We're going to grind up all the employees we have left going forward." Why would anyone want to work for a company that talks like that?
@8:25 hit hard. During c0v1d, I was and still currently am working at a health care business in a IT role. Got furloughed since the "future was unforeseeable" and the IT department only has "non-profit generating roles" , they eventually brought a few of us back but not everyone. I am still sour about this and now do the very minimum amount of work as since my services apparently in no way impact income of the facility. The problem is not the immediate managers but the CFO/CIO/CEO, you know all the C's who got raises and praises during.
You just know some of the people were like "Whew, glad it wasn't me" when the first one happened. It just wasn't you yet. Food for thought for all of us.
These companies are gross. Today, on ToWNn HaLL MEeTiNgG, I asked if we can spend at least one day working remote and the VP says “No, I would have you all in the office six days a week, if I could.” I wanted to vomit
If the other people in the room had any respect for themselves and a soul, they would get up and walk out. The CEO has zero self awareness. Just terrible.
They're in on it, trust me. Lots of these parasitic startups, sell a good story, get money to build their "product", rent space, hire people, talk the talk, then a couple of years later ... their house of cards falls and the individuals take the rest of the money and basically bail. They often file bankruptcy and drag things along to look more legitimate - (or perhaps even incompetent), so no criminal conspiracy is ever suspected. The tell tale sign is when they clearly take no responsibility for their actions and blame everyone but themselves.
I was wondering if you could give your thoughts on the guy that was fired because his employer threw a surprise birthday party for him which caused him anxiety and when he ran away from the party he was repremanded by his boss then fired because the company claimed he was violent. He was then awarded $ 450,000 by the court which the company is appealing.
The guy was a very sensitive introvert, and they forced the party on him against his direct, explicit, and unambiguous request, and they didn't like his reaction. It was unnecessary to do a party. Not everyone enjoys their birthday.
Who are these people that are still staying with this company at this point? Do you just not give a shit about how they treat employees or are you just stuck financially? Like, okay it's not easy for a lot of people to just up and leave a job, we all have responsibilities. So, if you're not leaving simply for the fact that you can't.. then that's understandable. Other than that though... why else would you want to stay here? If I were a current employee and saw this, why would I at all feel optimistic about continuing to work for them?
I am with you Josh. This is always a huge heartache and prefer working for me. Bless y'all. Listening to these d-bags use corporate language to cover inept management would send anyone with a heart and brain into better (life affirming) career choices.
If you still work here you deserve whatever comes your way 😂 I saw many people on linkedin saying “I can’t believe it” im like dude you had since the first layoff to start interviewing lmao
Its so easy to just lay staff off through Zoom but Josh you should know all the crooks and nannies with how they track their staff cos you are an IT guys too, maybe its the time they spend online, are they on time handing in their work? or it could be how many clicks or searches they did on real estate (or non real estate). There should be a law that layoffs have to happen in person unless otherwise indicated by the employee. food prices are rising everywhere, even in Asia albeit not as much America probably, not sure if there will be a wave of unemployment hitting the community, we are just living to see another day.
Always best to quit on your terms, always have another job ready, and if you feel you've hit a stump at work, move on. Very few businesses will benefit you by staying more than 1-2 years. Keep looking for the next best place while employed and you'll never get screwed over like this. If you're going to be another cog in the machine, at least grind where it's worth it for you.
We were told in a meeting, (in Feb) that on April 1, the employees that would be let go will be announced... many days later... then we were told by Mon 25 (in 3 days) the outgoing employees would be announced. still waiting and working.
The more I hear about this stuff the more I feel like joining one of the self sustaining community groups who all help out. Dealing with job uncertainty is crazy out here
Just imagine if they took pay cuts at the executive level. The ones who make the most are the ones who do the least amount of work. Needs to flip or balance out.
Good workers who were on the wrong task. That's not the employee's fault. That's management's fault. Fire the manager that wasn't giving them the right jobs
It's funny execs and managers fire employees "effective immediately" but they don't like when employees resign "effective immediately"!?! This thing goes both ways 🤷🏾♂️.
Hey hey. Are you using logic? Well i am sorry you need to be let go immediately.
@@rajanlad "I regret to inform you that I resigned "effective immediately" from yesterday. Maybe you should try again tomorrow."
@@rajanlad It's insane how many Gen X'ers and Boomers struggle to understand that logic.
@@Cakebattered i mean you can't blame a generation who been taught that conformity and obidience is virtue. And trouble making is met with swift discipline.
How would you like it if a critical piece of the machine which earns you money suddenly stopped functioning? You'd have to actually do your job and find a replacement for them. Think of the managers! /s
This just gets better and better.
i see what you did there and i love it
punny
And now a 3rd round of better.
Hahah and now they became best. 😅
Ba dum psh
I finally resigned from this company yesterday after months of stress and job searching. Received my new job offer today!!
Good luck dude! Please update us on the result
Happy for you! Did the same (albeit another company).
Very happy for you.
Happy you got out of that hellish atmosphere.
congrats dude
"It's BETTER elsewhere" should be the new company slogan. I feel for these people, hope they can find new jobs quickly.
That slogan is PERFECT for such a company.
They won't
@@_baller Having a name of a company which was involved in a massive PR scandal in your resume is never a good thing.
Bazinga
Yes, it’s always greener pasture elsewhere 🤔
Word of advice, if your company lays people off and you were unscathed….leave ASAP. Don’t take comfort in the fact that they kept you.
Yes, because you are either next or about to become an overworked slave.
What’s the line of reasoning behind this?
Uh, but what if they're bad employees?
@@ChessHistorian then stay and ride that gravy train as long as you can. But in my experience, the poor performers are the first to go.
@@yunleung2631 Financial security?
So good to see you coming back and make these type of videos. Its not because of the negativity or toxicity, its because you make us alert in what to expect or not from companies. Too many people lose themselves because of "company culture" just to be laid off.
I cannot echo this enough. Thank you Josh for making these videos.
You are important to us!
Josh - you should absolutely continue with these kind of videos. Highlight the BS that companies do. They always promise that the previous layoff was the last one. It never is.
Same
3 mass layoffs in 5 months. This company is nothing short of shameful
yea, thats odd AF
The whole industry is hurting, all mortgages are down and refinance are down over 60 percent . Should they keep everyone and just let the entire company collapse?
@@Mac_Raymond
Yes, if they are doing it for the 3rd time.
@@Mac_Raymond then you adapt. Name another company that had multiple massive layoffs within six months. This shows that there’s something definitely fucked up within the company. Maybe the CEO should take a lower paycheck instead of giving himself a massive bonus but nope it’s greed at its finest.
I wish people would just stop applying there so they can't get new employees lol
I was GM contract worker, and during the economic crash of 2007. We had the same scenario. Early conference call got let, go, later call were still working. This isn't a generational thing, I' m retired now a old boomer. Later they did get rid of us people that had been there a long time, hiring people for less than half of what we were getting. All during this time we were told, " your'e lucky you got a job." The only advice I can give you young people, was what my dad told me, "your'e never going to make money working for somebody else." I should have listened to him. It used to be if you got hired a person's word was as good as gold. Not anymore.
That's a fact. The only way to live comfortably in the US and the world really, is to have your own business.
Your own service. If people need it, it will sell itself.
You are saying the company should eat even more taxpayer money?
Working at jobs like that must feel like a daily dose of psychological warfare.
Which is funny because this company is supposed to help with mental health.
Everybody got fired again.
And it's 420 Day,damn.
I can't even afford some good s--t without the paycheck!
@@Im_Not_Here57 i think you're thinking of betterhelp. this is a real estate company
@@calvinchen928 Oh...Now that you mention it it isn't what I thought it was at first. It would be funny though.
I'd rather work as an inmate in Guantanamo Bay.
If I worked at this company when they offered those volunteer severance packages I would've definitely taken it....it's like they're basically telling you the company's a sinking ship and offering a life preserver. Might as well take it since they're gonna lay you off anyway. At this rate i'd be surprised if they're still around in 5-10 years.
Or, counterpoint, *they lied*
I'll be surprised if they exist 2 years from now.
@@ChristAliveForevermore yeah fire you without severerance. If it's not in writing it didn't happen. That being said there is unemployment insurance and it's often cheaper and prevents lawsuits to payout.
I'll be surprised in another year or 2
This guy can't run a company and blames the employees, thinking if he gets new employees that should solve the problem. Its like a student going to the book store to get more study supplies because somehow that will make them know the subject instead of acknowledging that they have to actually sit down and study, they can't just buy more books.
It's more like when the company is underperforming, something have to change. There are many new focuses and directions that the company have to take to slowly regain its current trajectory of revenue. Either the big exec people have to go, or the lower position have to go, and add in new position that fits more with the company's new direction forward. Maybe they want to focus more on advertising to new people first to gather customers and capitals, then the dev people who doesn't work directly on the advertising campaign is redundant at the time. When they have the capitals, they can rehire people latter. So "strong performer but at the wrong place, wrong time" is reasonable decision to let go. It's all about keeping the company afloat and meeting current business direction first. A good business would fire some of the exec, the low performed low position people and even the "strong performer but at the wrong place, wrong time" low position people. Then that business will monitor the new employees to see their progresses and metrics compare to the previously fired people's and decide who to keep, who to continue fire, then rehire until that business reach a sustainable workforce for the company's direction.
This is all just business theory and of course in reality, the exec people could just want to benefit themselves. Of course for the employee, this sucks, but for business owners and people at exec level, this is something one must decide so that the company doesn't go completely bankrupt, which will be way worse than current situation.
Gotta see how much that administrative overhead is. How many parties and luxuries going on as "business expenses"?
EXACTLY! talking in circles 😖😔
He seems to be running it just fine. Actually he has managed to do this many times over. Stands to reason those people were not critical to the operation of anything. Or?
Clearly he is running the company. When he looks at the numbers it tells him he needs to make changes for the numbers to work.
So glad I got out of that company ✌🏻
You're BETTER off for it!
@@TheSoulCrisis oh I know. Started looking in December for something different and left the company in march. Loved my job up until December and then everything changed . Leadership and management stopped caring and company culture was dumped in the can along with the first 900.
@@OcAirsoft Smart man.........always have your ducks in a row! Good job buddy.
@@OcAirsoft It appears to be the trend with a lot of mass corporations. Cruise lines are no different with their Private islands (Cays)
Good job buddy ❤️
I used to work for a small(er) business. It’s actually a large business for the whole region with only 3 employees.
I was truly abused by their corporate shit with really low wage pay check.
I managed to get trough sever burn out and find enough strength to find a new job. It’s actually a job I manifested. I can’t believe I found it. They are totally against corporate culture. They don’t micromanage. We work remote.
All my friends said I’m completely different person now.
Your videos made me realise what a bullshit company I used to work for and I learned that I deserve better. So thank you!
Glad to hear! I was also a victim of corporate abuse. Josh is doing the Lord’s work. I also have a (mostly) remote job making double the money my old abusive company was paying me.
Its low self esteem that causes this. When you eventually discover your worth you end up wondering how you ever put up with such nonsense.
@@Tessy29k so true!
I need to start my own company called "better off" and hire all the fired better employees.
And you actually think you will be in any position to compete?
Either they go out of business on their own accord because those people actually did anything, or you are working with the least productive people.
@@cccpkingu It's called a joke.
If management makes that big of a swing and miss then that's a management issue. I suspect this company only exists to spend venture capital and not to actually do something.
This is the correct answer. Some people out there still don't get this so it's good to remind them.
They complain the workers are lazy and make mistakes, while the CEO and managers are incompetent. They don't fire themselves. Hypocrites
Rules for thee not me
I have a job interview in like 30 minutes. Been watching your videos for nearly a year now and learning everything I could about how all of this stuff really works. Thank you very much for all you've done up to this point, Josh. I'm positive there are others like me who've been learning from you. Keep up the awesome work. Entertaining and educational stuff, man.
Hope the interview went well!!
@@manutd9049 I slaughtered it, actually. Will know by the end of next week if I got hired. Thank you for your support!
@@MaleficWeegee Anytime, wish you get that job and hope the company treats you well!
Update: I woke up to find out I did not get the job.
Not because of qualifications or lack there of
Not because I don't know exactly what I'd be doing in the position and would clap cheeks as a huge asset
But because they were looking for someone to work on-site... I was even instructed to do a speed test of my internet AT HOME lmao. Never mind I had nasty spine surgery back in November and the pain is scathing. Never mind I only have one eye left with barely any vision and transportation is a maaad hooch and a half.
Such a massive waste of my time, but I knew what I was getting into, once again, thanks to Josh's videos. Can't thank you enough, man.
Now I'm going to exercise the rage away instead of something silly like drinking. To all of you reading this:
Whatever you have to do today
Good luck and *show no mercy*
Never get comfortable at a "start up". Nearly all startups end in abject failure and nearly all that survive end up firing everyone because they are running out of money and the VCs who invested in their stupid idea are becoming impatient and thus force the founders to pivot to an idea less stupid and more attainable. Get the bag and always be planning an exit strategy.
Calling Better a "start-up" is misleading even though the rest of what you've written is true. They were started 8 years ago and have thousands of employees...that's not a start-up by any reasonable definition of the word. They are an established company.
I'm surprised that they had that many employee to lay off after the last round. I would've bailed ASAP.
Anyone who still gives their trust to that company after what happened deserves what's coming to them.
I had a call with one of their recruiters last year and they were hiring 20 engineers a month. I was not interested in continuing the interview process after learning they outsourced their tech screens to a third party.
@@RuizFrances Always a bad sign.
They are the type who would be furious at someone resigning the day before they lay them off because they want the power and authority to control their situation. 🤦♂️
😂😂😂
I've been there.
@@AFuller2020 how was it
No, they are the kind of company to ask people to leave voluntarily, with severance packages. Give me a reason why they didn't overhire.
Run for them thar hills!!! They didn’t hire the wrong employees. They just hired the wrong CEO!
I work at a mortgage company and we just had our 2nd mass firing within 3 months today too. Rates aren’t what they were a year ago.
and the rates are going to go up for years. They have to or the FED loses all control.
@Lady Machiavelli Oh for sure. I can't wait to get out, but on my terms lol
Which company?
time to spruce up that resume.
I've had a few people on LinkedIn that did the whole "Today was my last day as a BETTER employee. It was a shock that I was included in another layoff." Like how tf are you surprised?!?!
ugh, its that type that thought "it would never happen to me."
🤦♂️🤦♂️🤦♂️ We are really in the matrix but this one is apparently filled with NPCs
I would not want to get a loan from a company that keeps having to do lay offs this huge.
They call it "better". because you better have another job lined up while you work for them.
Most importantly... who's still trying to work there?! How do they still have employees?!
"You reward will be my success". Are you absolutely fucking kidding me.
This kind of companies don't deserve to have any employees at all. The true A-player (top performing person) would never ever apply to work at these shitty organizations.
Why not? You get paid more, safe in the knowledge that your efforts aren't going towards propping up actors in HR and unproductive people.
Moreover, there is less of a chance morons will be around to ask stupid questions or ask to have work done.
The Tag line of the Company should be " You Better be ready "
This had absolutely nothing to do with "productivity" and everything to do with management thinking they could increase their margins by cutting "overhead"(you) and thinking your work can be offloaded onto others without paying them for that extra work.
The Bible says the root of evil is money.
I am tempted to apply and be unproductive just to get a severance package. But sadly, they're only hiring senior executives right now. We should flood them with resumes anyways, just to flip them off with an overload of applications.
If you’re ever in this position, take the severance package if you’re not sure your job is secure. The terms are always better than if you’re fired, and you look like a Chad in the process.
The fact that he yells so much with occasional spike in his voice along with "harsh" words (bloodbath) clearly shows that he still has some amount of Indian tyranical behavior mindset left i.e. Considering your employees as inferior and always talking to them in a condescending way as if they belong to a low caste or race).
Souce: Indian Myself.
Yep tried to explain this to Amazon but they just milk it from their employees. As a result Amazon bleeds money but they just dont care
Not that I want to stereotype your people like this but I find a lot of Indians I interact with on the job have this kind of attitude and demeanor and it really doesn't look good for most of your people.
@@jfyne03 I totally agree. Voice raising and dominance is in the blood of Indians with "extra" words that don't help in solving the argument. I myself stay away from my comrades if they are thugs here in Canada. That's the best I can do but eventually the race gets blamed. We're still like 70-80 years behind.
@@petergriffin513 it's unfortunate because where I'm from, my kind pretty much disregard their own on the fields. The minute they get managerial positions or leadership roles, they go ballistic and don't know how to handle themselves
@@jfyne03 Wait till you come to India. Atleast in West,Indian bosses are forced to tone down their attitude.
Here in India,the work culture is even worse,with sycophancy dominant.
Hiring so many underperformers and creating so many redundant roles sounds like serious mismanagement by upper leadership...
Like he said
a bloodbath? then they wonder where company loyalty goes...
Yeah, who wants to stay for a bloodbath?
This channel is one of the best things that has happened to me in 2022.
Healthcare startup Calibrate's CEO used a Zoom call to announce layoffs affecting more than 150 staff. Minutes later, their company laptops were automatically wiped.
🤣
We gettin' blessed this week! Thanks Josh, always good to see an upload, no matter what the theme of the video is
Reminds me of the weekly mass layoffs at the dotcom where I worked in 2001. A short meeting and then, “Everyone return to their cubicles and wait until further notice.” Then they would send managers around to call the terminated into conference rooms. More than once a more senior manager would terminate a junior manager who was in the process of terminating a team member. On one occasion, a distraught woman screamed, “Get the f-- away from me!” as the manager approached.
He failed and keeps his job. I’m confused why people still work at this company.
Because they are profitable.
@@cccpkingu oh, hi Vishal. How are you doing
I'm amazed at how there hasn't been a mass resignation. The tone, audacity, and arrogance of this CEO screams "entitled." He's basically saying, "Your slave-labor-like job is your reward for making me successful." There IS a worker shortage out there. It's a job hunter's market. I'm sure 90% of these employees will be able to find other jobs that are better (no pun intended) in pay and treatment.
i dunno about u but this zoom conference video just inspired confidence in me in their ceo ......having the guts to do what is necessary to turn a profit ,firing deadbeats while recruiting performers at the same time!!! gonna invest nao!!!!!!
@@jont2576 He doesn't sound confident. He sounded threatening and weak. Everything was emotionally charged. Above all, a good CEO would not have recruited that many deadbeats. It seems he's making excuses and lies for his own mismanagement. Just WHAT ARE the metrics he's referring to? I've been at successful start-ups and really bad ones. This CEO sounds too familiar with the bad ones. I'm not against a company performing lay-offs, but his execution of everything screams "amateur." When companies lay off that many people in that many rounds, something is up. It doesn't look good for leadership. If you listen closely, he has no objective quantitative plan. What are the concrete metrics? What's the big-picture vision? What are the short-term quick-win goals that can give them some leeway. He has none of those. All he had were messages akin to "I am strong! And I'm making you work because my voice and tone are of a strong leader! You will follow! And this is me being a TOUGH, TAKE-NO-PRISONERS GENERAL!" It seemed very cheesy, cliched, and forced. At the end of the day, lacking any real leadership substance.
@@fantinuum1040 "This CEO sounds too familiar with the bad ones. " Amen. And amateur? Yes. Multiple rounds of layoff is a total amateur move.
The infuriating part of all of this, to me, is that the CEO tried to moralize about the output of the employees axed in the first round of layoffs. Basically, he was calling them useless and lazy knowing full well that in reality they were likely going to have to axe thousands more.
Imagine that in a European country that actually respects human dignity, it feels USA's work laws are from the medieval age.
I also hate when giving “pep talks” or trying to justify their crappy management of the company, they use sports and military lingo, or analogies, or euphemisms. Like they are high-ranking military officers mapping out a significant war strategy or football play. These people are goons, and I wouldn’t follow them on any “journey.” Not even to the latrine, which is apparently where they are headed.
Great coverage of these yahoos. You are the best Josh. Keep it up man
When you lay off your employees via zoom, you're passing up an opportunity to have Security to perp walk the employee out of the building.
Why not just put top performers into the roles that you're hiring for???
*_BECAUSE INTERNS ARE CHEAPER OR FREE. SO..._*
If my employer mentioned "bloodbath" in any context outside a combat sport,, I'd say thats a good sign to see whats available on Indeed
This Better guy is horrible. You be stupid to come in as an intern in a place that fires people in bulk.
They're gonna have zero staff at this rate. It's like he's deliberately tanking the company.
he may be doing just that. A corporate sheister in NYC (no surprises here)
Better is probably just spreading this out over several months in order to avoid any red flags being raised. If they'd fire 3000 people all at once in order to 'trim the fat' the severance packages have to be upped significantly.
Well they gotta pay back those free loans
This is illegal in the UK. You can't be firing people while you are also hiring others. It shows you have the jobs you just fire who you don't like. This gets you in bug trouble and rightfully sued.
It should be U.S. law that employers are required to give a 2 week notice before letting employees go. I'm a right wing voter and I strongly believe in this - come at me w your disagreements i'll tear em apart.
Edit: If the concern is that the employee "cant be trusted" for 2 weeks, then a severance package of equivalent value will suffice.
Then shouldn’t employees be required to give their two weeks as well, because that doesn’t always happen
Congratulations, you just killed temporary work.
There is. Its called the WARN Act.
Josh, you need a hairstylist.
Also hearing a CEO say that a job is going to get harder means I'm quitting.
Thank you for making this video. It opened my eyes to understand these narcisistic managers and I apreciate your effort.
Some companies provide enough of a case study for a full semester course. "Better" just happens to be one of those companies.
Please never stop making these videos!
The most productive ones = the ones who are cheapest.
I'm in corporate America and I can say with 110% certainty that I work "harder" (longer hours AND more efficient) than this Vishal guy. This dude is laughable.
the mondo shits I leave in the bathrooms at my job work harder than this Vishal guy.
When this stuff starts, run immediately.
"We're going to grind forward" means "We're going to grind up all the employees we have left going forward." Why would anyone want to work for a company that talks like that?
Yep! Being your own boss can be amazing.
@8:25 hit hard. During c0v1d, I was and still currently am working at a health care business in a IT role. Got furloughed since the "future was unforeseeable" and the IT department only has "non-profit generating roles" , they eventually brought a few of us back but not everyone. I am still sour about this and now do the very minimum amount of work as since my services apparently in no way impact income of the facility. The problem is not the immediate managers but the CFO/CIO/CEO, you know all the C's who got raises and praises during.
As a consumer, I'm sad that I used this company for my mortgage (before all the layoff bs). My dollars should have gone to a better company..
Leave them a review on bbb and Yelp
You just know some of the people were like "Whew, glad it wasn't me" when the first one happened. It just wasn't you yet. Food for thought for all of us.
Fire this CEO he’s pure evil
These companies are gross.
Today, on ToWNn HaLL MEeTiNgG, I asked if we can spend at least one day working remote and the VP says “No, I would have you all in the office six days a week, if I could.”
I wanted to vomit
Sounds like it's time for you to go.
Jesus sounds like a prison world
Might wanna start browsing Indeed
Surprised they even hire at all. Just out source to India/China. They'll work hard for pennies on the dollar.
Information theft
If the other people in the room had any respect for themselves and a soul, they would get up and walk out. The CEO has zero self awareness. Just terrible.
They're in on it, trust me. Lots of these parasitic startups, sell a good story, get money to build their "product", rent space, hire people, talk the talk, then a couple of years later ... their house of cards falls and the individuals take the rest of the money and basically bail. They often file bankruptcy and drag things along to look more legitimate - (or perhaps even incompetent), so no criminal conspiracy is ever suspected. The tell tale sign is when they clearly take no responsibility for their actions and blame everyone but themselves.
Not surprised this is, yet another, mortgage related, company.
To all the people out there that have been laid off, get into the trades we are in desperate need of workers.
Keep being you Josh, your videos really help! Looking forward to the next vid 🙂✨
Sounds like the boat is taking on water...
Getting fired was the best thing that happened to me. Better than me quitting. They asked me to come back a week later.
it's really good to see you up and at 'em again Josh. hope you're feeling much better
I was wondering if you could give your thoughts on the guy that was fired because his employer threw a surprise birthday party for him which caused him anxiety and when he ran away from the party he was repremanded by his boss then fired because the company claimed he was violent. He was then awarded $ 450,000 by the court which the company is appealing.
The guy was a very sensitive introvert, and they forced the party on him against his direct, explicit, and unambiguous request, and they didn't like his reaction. It was unnecessary to do a party. Not everyone enjoys their birthday.
LMAOOO what??? This is crazy
"and if they don't...we will exit them too". TF is this?! Mortal Kombat?
🥷
Who are these people that are still staying with this company at this point? Do you just not give a shit about how they treat employees or are you just stuck financially? Like, okay it's not easy for a lot of people to just up and leave a job, we all have responsibilities. So, if you're not leaving simply for the fact that you can't.. then that's understandable. Other than that though... why else would you want to stay here? If I were a current employee and saw this, why would I at all feel optimistic about continuing to work for them?
the ceo is an indian, now you know their traits, and he says about hiring interns. Now you know what being cheap is
There's a startup company called Selfi, and their ad slogan is "We didn't fire 900 employees" hahaha
it just sounds like they wanted everyone to work all the extra tasks of the people they let go cause its cheaper.
Yes if they only fired redundant and under-performers their job should not get harder. It should even get easier with less people to deal with.
Getting better everytime 😃
I am with you Josh. This is always a huge heartache and prefer working for me. Bless y'all. Listening to these d-bags use corporate language to cover inept management would send anyone with a heart and brain into better (life affirming) career choices.
Love all your content, I will watch these and any other videos with different content. Just do you
Better is not better. It's worse.
They are looking to hire interns cause they're cheaper. Cold, plain, and simple
most of these companies are shells with nothing to show for it.
I am currently with a staffing company , I hope to god they do not pick me for this company
If you still work here you deserve whatever comes your way 😂 I saw many people on linkedin saying “I can’t believe it” im like dude you had since the first layoff to start interviewing lmao
Its so easy to just lay staff off through Zoom but Josh you should know all the crooks and nannies with how they track their staff cos you are an IT guys too, maybe its the time they spend online, are they on time handing in their work? or it could be how many clicks or searches they did on real estate (or non real estate). There should be a law that layoffs have to happen in person unless otherwise indicated by the employee. food prices are rising everywhere, even in Asia albeit not as much America probably, not sure if there will be a wave of unemployment hitting the community, we are just living to see another day.
Always best to quit on your terms, always have another job ready, and if you feel you've hit a stump at work, move on. Very few businesses will benefit you by staying more than 1-2 years. Keep looking for the next best place while employed and you'll never get screwed over like this. If you're going to be another cog in the machine, at least grind where it's worth it for you.
Can you make another video about lying on your resume, but with more tips on how to get away with it
We were told in a meeting, (in Feb) that on April 1, the employees that would be let go will be announced... many days later... then we were told by Mon 25 (in 3 days) the outgoing employees would be announced. still waiting and working.
The more I hear about this stuff the more I feel like joining one of the self sustaining community groups who all help out. Dealing with job uncertainty is crazy out here
The CEO is a spineless coward and can’t run his own company.
I see that Costco Catalina Crunch Keto cereal in the background. I have like 5 bags in my pantry.
Beatings will continue until morale improves
Just imagine if they took pay cuts at the executive level.
The ones who make the most are the ones who do the least amount of work. Needs to flip or balance out.
Glad you're back and calling them out. Stay as you are
Good workers who were on the wrong task.
That's not the employee's fault. That's management's fault. Fire the manager that wasn't giving them the right jobs
"It's gonna be hard working here"
Translation: "We suck at planning and overall scope of our business model"
Why would people even work there
Bet those guys still got their yearly bonuses though...