Things the CEO of the company that fired 900 told employees on Zoom call
Gadgets Now Bureau07 Dec, 2021, 08:49PM IST
How the call started
The Zoom call started with general greetings, "Hi everyone, thanks for joining." Followed by, "I come to you with not great news."
Need to do this to survive
"The market has changed and we need to move with it in order to survive."
Wanted employees to hear it from me
Garg said that It was his decision and he wanted everyone to hear it from him.
Gave these three reasons for job cuts
"We are laying off 15% of our workforce for three reasons: Markets, efficiency, performance and productivity," Garg said during the call.
If you're on call, you are part of the unlucky group
"If you're on this call, you are part of the unlucky group that is being laid off,"
Employment terminated effective immediately
"Your employment here is terminated effective immediately," he said.
Last time I did it, I cried
"The last time I did it, I cried," Garg told the fired employees adding, "This time I hope to be stronger."
Thanked employees for their contribution
He then said employees could expect an email from HR detailing benefits and severance. Concluded the call by saying, "Thank you for each and everyone of your individual contributions."