00:01

Emergency

Emergency

00:02

emergency, emergency podcast,

emergency, emergency podcast,

00:05

had to do this. I saw this video the other day.

had to do this. I saw this video the other day.

00:08

I was scrolling TikTok late into the night

I was scrolling TikTok late into the night

00:11

as I do.

as I do.

00:12

I saw this TikTok,

I saw this TikTok,

00:14

couldn't believe it. Almost got out of bed right then to come record this. But we're doing it now. Okay. This is the one of the most ridiculous things I've ever seen.

couldn't believe it. Almost got out of bed right then to come record this. But we're doing it now. Okay. This is the one of the most ridiculous things I've ever seen.

00:23

This guy is gonna be skewered for this as my prediction. This guy is gonna get he might get fired for this. But he is definitely gonna get wrecked on all of social media for this.

This guy is gonna be skewered for this as my prediction. This guy is gonna get he might get fired for this. But he is definitely gonna get wrecked on all of social media for this.

00:34

Let's just let's listen to this. So this is the CEO of a company called Better dot com. They've raised, like, I don't know, seven hundred fifty million dollars. A big company. They do, I don't know, mortgages or some like that on the internet. So,

Let's just let's listen to this. So this is the CEO of a company called Better dot com. They've raised, like, I don't know, seven hundred fifty million dollars. A big company. They do, I don't know, mortgages or some like that on the internet. So,

00:46

here's the CEO. Let's just let's just take a listen.

here's the CEO. Let's just let's just take a listen.

00:50

No. No. What's this? Take a listen.

No. No. What's this? Take a listen.

00:53

Hi. Everyone.

Hi. Everyone.

00:56

Thank you for joining.

Thank you for joining.

00:59

Already looks like a few

Already looks like a few

01:02

I come to you with not great news.

I come to you with not great news.

01:07

The market has change as you know.

The market has change as you know.

01:10

And,

And,

01:11

we have to move with it in order to survive so that hopefully we can continue

we have to move with it in order to survive so that hopefully we can continue

01:17

to driving. Okay.

to driving. Okay.

01:19

The market has moved.

The market has moved.

01:22

The market has moved. What are you talking about?

The market has moved. What are you talking about?

01:24

You have all your employees on a Zoom call right now.

You have all your employees on a Zoom call right now.

01:27

Obviously, you have some, quote, not great news to share.

Obviously, you have some, quote, not great news to share.

01:32

Listen number one. And by the way, how does this guy become a CEO of such a big company and not know rule number one.

Listen number one. And by the way, how does this guy become a CEO of such a big company and not know rule number one.

01:38

If you're letting someone go or you're laying them off and you go into the meeting,

If you're letting someone go or you're laying them off and you go into the meeting,

01:43

You gotta rip the Band Aid off in the first minute.

You gotta rip the Band Aid off in the first minute.

01:46

And the first

And the first

01:47

three things you say, one of them has to be we're gonna be letting you go today.

three things you say, one of them has to be we're gonna be letting you go today.

01:52

And then you start to explain everything. When you do this, you do this long winded

And then you start to explain everything. When you do this, you do this long winded

01:57

build up,

build up,

01:59

People are a confused, and b, they get really pissed off. And it's just self serving.

People are a confused, and b, they get really pissed off. And it's just self serving.

02:04

You're trying to buffer the blow. You're trying to prevent the the blower hitting you. You can't even say it. You're not even you're not even willing to say it. So, ridiculous. Okay. Let's so the market has moved And we have to move with it so we can survive. What what is it? Is you shutting down the company? What's going on? Delivery on a mission.

You're trying to buffer the blow. You're trying to prevent the the blower hitting you. You can't even say it. You're not even you're not even willing to say it. So, ridiculous. Okay. Let's so the market has moved And we have to move with it so we can survive. What what is it? Is you shutting down the company? What's going on? Delivery on a mission.

02:23

Delivery on a mission. What mission? A news that you're gonna wanna hear.

Delivery on a mission. What mission? A news that you're gonna wanna hear.

02:27

But, ultimately,

But, ultimately,

02:29

it was

it was

02:30

my decision,

my decision,

02:32

and

and

02:33

I want you to hear from me.

I want you to hear from me.

02:37

Looks at his notes. Dude, you still haven't said it? It's been a really, really challenging decision to make

Looks at his notes. Dude, you still haven't said it? It's been a really, really challenging decision to make

02:43

Are you okay? Are you is it been hard for you?

Are you okay? Are you is it been hard for you?

02:48

I've this is the second time my career. I'm tired of it, and I do not do not wanna do this. The last time I did it, I cried.

I've this is the second time my career. I'm tired of it, and I do not do not wanna do this. The last time I did it, I cried.

02:58

This time I hope to be stronger.

This time I hope to be stronger.

03:00

Oh, my

Oh, my

03:02

god. What are you thinking, dude? I get what he's thinking. He's thinking.

god. What are you thinking, dude? I get what he's thinking. He's thinking.

03:06

I want them to know that this is hard for me.

I want them to know that this is hard for me.

03:10

But dude,

But dude,

03:11

you don't understand

you don't understand

03:13

what people are feeling right now. They don't

what people are feeling right now. They don't

03:16

the first of all, they don't know what you're saying. You haven't said it.

the first of all, they don't know what you're saying. You haven't said it.

03:20

Secondly,

Secondly,

03:22

you're talking about how hard this is for you, and the last time I cried, no one gives a flying fuck if you cried or not.

you're talking about how hard this is for you, and the last time I cried, no one gives a flying fuck if you cried or not.

03:30

Because you still haven't said it. That's also that's the main problem. The second problem is you're talking about yourself, and no one cares about you in this moment.

Because you still haven't said it. That's also that's the main problem. The second problem is you're talking about yourself, and no one cares about you in this moment.

03:39

About fifteen percent

About fifteen percent

03:40

of the company. Laying off fifty percent. The

of the company. Laying off fifty percent. The

03:45

market

market

03:46

you can hear a guy. The guy who's okay. The guy who's recording this, by the way, this is not the screen. This is a guy pointing his camera at the phone. You heard him. Are you f effing serious?

you can hear a guy. The guy who's okay. The guy who's recording this, by the way, this is not the screen. This is a guy pointing his camera at the phone. You heard him. Are you f effing serious?

03:54

Agency

Agency

03:57

and performances

and performances

03:59

and product

and product

04:05

And peanut butter.

And peanut butter.

04:07

Market market performances,

Market market performances,

04:10

efficiency

efficiency

04:11

and peanut butter?

and peanut butter?

04:13

What is this guy doing? First of all, he said we're laying off fifteen percent of the company. He didn't say which percent. Yeah. Now everybody is just thinking, is it me? Is it not me? They have no idea because he hasn't brought the sledgehammer yet. And look, This is the scroll bar. Alright?

What is this guy doing? First of all, he said we're laying off fifteen percent of the company. He didn't say which percent. Yeah. Now everybody is just thinking, is it me? Is it not me? They have no idea because he hasn't brought the sledgehammer yet. And look, This is the scroll bar. Alright?

04:27

This

This

04:28

down here is where he should have said it. We're now over here. We're almost at intermission

down here is where he should have said it. We're now over here. We're almost at intermission

04:33

of the movie. And You know, he still hadn't said it. So I can't believe what he just said. Why did he say performances, by the way? He's talking about the market has turned.

of the movie. And You know, he still hadn't said it. So I can't believe what he just said. Why did he say performances, by the way? He's talking about the market has turned.

04:42

So Oh, is it my performance or is it the market?

So Oh, is it my performance or is it the market?

04:46

Francis.

Francis.

04:49

I'd product to

I'd product to

04:51

And Peter.

And Peter.

04:54

If you're on this call,

If you're on this call,

04:56

you are

you are

04:58

part of the unlucky group. Fuck you, dude. Laid off.

part of the unlucky group. Fuck you, dude. Laid off.

05:04

I can't even help but laugh. Fuck you, dude.

I can't even help but laugh. Fuck you, dude.

05:08

That is the yeah. See, that guy is saying what he's supposed to say in this moment.

That is the yeah. See, that guy is saying what he's supposed to say in this moment.

05:14

Because of this fucked up

Because of this fucked up

05:17

hype trailer

hype trailer

05:18

teaser

teaser

05:19

strategy that the CEO took.

strategy that the CEO took.

05:22

If you're on this call.

If you're on this call.

05:23

You are you're not a game show host. He thinks he's Jeff probst. He thinks he's a game show host.

You are you're not a game show host. He thinks he's Jeff probst. He thinks he's a game show host.

05:29

And he's setting up this cliffhanger

And he's setting up this cliffhanger

05:32

that actually is pushing them off the cliff, and then they're they're falling down to their death. So He he he comes in with you are one of the unlucky bunch. Unlike, I thought you said his performance. Is it performance? Or is it unlucky? Or is it the market? Or is it peanut butter? Which one is it? We don't know yet. Your employment here is terminated.

that actually is pushing them off the cliff, and then they're they're falling down to their death. So He he he comes in with you are one of the unlucky bunch. Unlike, I thought you said his performance. Is it performance? Or is it unlucky? Or is it the market? Or is it peanut butter? Which one is it? We don't know yet. Your employment here is terminated.

05:51

If I active immediately. Are you fucking kidding me?

If I active immediately. Are you fucking kidding me?

05:55

What does this mean for and what's next?

What does this mean for and what's next?

05:58

You're gonna get an email from HR and ask HR better dot com to your personal email address. At better dot com. Follow us on Twitter.

You're gonna get an email from HR and ask HR better dot com to your personal email address. At better dot com. Follow us on Twitter.

06:05

And your benefits.

And your benefits.

06:09

We're all US in place. We're providing four weeks

We're all US in place. We're providing four weeks

06:13

of severance.

of severance.

06:15

Also,

Also,

06:16

you dressed up like a douche bag on this day. You wore the douche bag uniform the blue collared shirt with the dark blue vest with the cactus that are a little too tight right around the crotch with the crotch facing the camera. That is the douche bag. That is the douche bag

you dressed up like a douche bag on this day. You wore the douche bag uniform the blue collared shirt with the dark blue vest with the cactus that are a little too tight right around the crotch with the crotch facing the camera. That is the douche bag. That is the douche bag

06:28

armor that you wore into this.

armor that you wore into this.

06:30

And then you're reading it really slow off your piece of paper.

And then you're reading it really slow off your piece of paper.

06:35

And you just have a bunch of people enraged at you right now. I think there's like, I don't know, a thousand people in this call or something like that. This is something crazy.

And you just have a bunch of people enraged at you right now. I think there's like, I don't know, a thousand people in this call or something like that. This is something crazy.

06:42

Lot of people hundred, maybe hundreds of people on this call insane.

Lot of people hundred, maybe hundreds of people on this call insane.

06:46

One month of full benefits

One month of full benefits

06:48

and two months of cover up for which we will pay the premium. So three months. Okay. Benefits

and two months of cover up for which we will pay the premium. So three months. Okay. Benefits

06:54

if we,

if we,

06:55

if you'd like for COBRA.

if you'd like for COBRA.

06:58

If you don't get a communication from ask HR at better dot com, before the end of the day, you can email ask HR at better dot com. If you don't get the email Thank you for each and every week. First individual contributions to that

If you don't get a communication from ask HR at better dot com, before the end of the day, you can email ask HR at better dot com. If you don't get the email Thank you for each and every week. First individual contributions to that

07:13

I wish the news was different.

I wish the news was different.

07:15

I wish we were thriving

I wish we were thriving

07:18

in enthusiastically

in enthusiastically

07:20

as we were at the beginning of this year.

as we were at the beginning of this year.

07:23

Driving enthusiastically

Driving enthusiastically

07:24

doesn't make sense.

doesn't make sense.

07:26

You wish you were thriving Of course, wish you were thriving. I mean, you didn't lose your job, CEO who mismanaged during this time. You didn't lose your job. They lost their job. And you're talking about You were crying last time, but you weren't crying this time, and you probably didn't even cry last time. You probably don't give a shit, to be honest with you. Maybe you feel bad. I actually, I take them back. He feels bad.

You wish you were thriving Of course, wish you were thriving. I mean, you didn't lose your job, CEO who mismanaged during this time. You didn't lose your job. They lost their job. And you're talking about You were crying last time, but you weren't crying this time, and you probably didn't even cry last time. You probably don't give a shit, to be honest with you. Maybe you feel bad. I actually, I take them back. He feels bad.

07:47

He feels bad. You should feel bad.

He feels bad. You should feel bad.

07:51

But he handled it bad.

But he handled it bad.

07:53

You can feel bad, but you gotta handle it good. He felt bad and handled it bad.

You can feel bad, but you gotta handle it good. He felt bad and handled it bad.

08:00

Picking butter. That's not the case.

Picking butter. That's not the case.

08:03

And

And

08:05

I am sure Better finished on. Leave us.

I am sure Better finished on. Leave us.

08:10

And

And

08:11

be more successful.

be more successful.

08:13

Where are you going? What is this wedding speech and you're drunk? We I'm sure you will leave us. What is he saying?

Where are you going? What is this wedding speech and you're drunk? We I'm sure you will leave us. What is he saying?

08:19

And

And

08:20

You'll be more focused here in your next endeavor.

You'll be more focused here in your next endeavor.

08:23

I wish you all the best of luck.

I wish you all the best of luck.

08:25

Thank you for everything you've done for Better.

Thank you for everything you've done for Better.

08:29

Thank you.

Thank you.

08:32

Looks looks aggressively stage right. Did I do it? Can we end it? Can I go to lunch?

Looks looks aggressively stage right. Did I do it? Can we end it? Can I go to lunch?

08:38

Do we have my lunch?

Do we have my lunch?

08:39

Did someone get my lunch?

Did someone get my lunch?

08:42

And this guy is this guy gotta look this up.

And this guy is this guy gotta look this up.

08:45

Better

Better

08:46

CEO salary.

CEO salary.

08:48

This might be public.

This might be public.

08:51

Let's see. Let's see. Let's see.

Let's see. Let's see. Let's see.

09:01

I feel like this guy

I feel like this guy

09:03

so he laid off nine hundred people in that call. We're not gonna pay for this paywall the way.

so he laid off nine hundred people in that call. We're not gonna pay for this paywall the way.

09:15

What is the stealing part? Hear this. Okay. I don't know what I don't know what that's about. That wasn't in the video. But,

What is the stealing part? Hear this. Okay. I don't know what I don't know what that's about. That wasn't in the video. But,

09:21

yeah, I feel like I've read somewhere in a tweet. Now this might be total bullshit.

yeah, I feel like I've read somewhere in a tweet. Now this might be total bullshit.

09:26

But I've read somewhere that this guy, you know, whatever,

But I've read somewhere that this guy, you know, whatever,

09:30

something like ten million dollars of compensation last year, but that, honestly, he's a private company I don't I don't know what's going on.

something like ten million dollars of compensation last year, but that, honestly, he's a private company I don't I don't know what's going on.

09:37

They have a spec?

They have a spec?

09:39

Of course, they have a spec.

Of course, they have a spec.

09:41

Of course, they went public with the

Of course, they went public with the

09:44

Let's see. Better.

Let's see. Better.

09:48

Spac.

Spac.

09:51

Yeah. Race seven hundred fifty million dollars from their spacback

Yeah. Race seven hundred fifty million dollars from their spacback

09:55

they already had one point five billion from SoftBank.

they already had one point five billion from SoftBank.

10:01

So this guy easily easily

So this guy easily easily

10:03

this guy. Is this guy the founder?

this guy. Is this guy the founder?

10:06

Vishal Garg.

Vishal Garg.

10:08

Is he the founder?

Is he the founder?

10:10

He

He

10:13

Google. Google said what company laid off my enterprise? Answer better dot com.

Google. Google said what company laid off my enterprise? Answer better dot com.

10:18

I think this guy was the founder. Yeah. Founder and CES. This guy easily

I think this guy was the founder. Yeah. Founder and CES. This guy easily

10:22

this company's valued multiple billions of dollars. This guy is

this company's valued multiple billions of dollars. This guy is

10:26

clearly

clearly

10:27

worth over five hundred million dollars, probably over more than a billion dollars.

worth over five hundred million dollars, probably over more than a billion dollars.

10:31

And,

And,

10:32

he's talking about lunch and his hot douche bag outfit. Alright. Bad, terrible way to do it. There's

he's talking about lunch and his hot douche bag outfit. Alright. Bad, terrible way to do it. There's

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