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Better com announces third round of layoffs in five months

The company is blaming anticipated declines in origination volume for its latest cuts.

Richard benson armerRandstad risesmartVishal gargNational mortgage newsDecember zoomNational mortgageBetter comIndustry news

Better com s Vishal Garg offers paid severance, health insurance to those who quit

Better com s Vishal Garg offers paid severance, health insurance to those who quit
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San franciscoUnited statesRichard benson armerVishal gargAurora acquisition corp

Better com s Vishal Garg offers paid severance, health insurance to those who quit

After laying off nearly 4,000 employees in the US and India, digital mortgage lender Better.com under its Indian-origin CEO Vishal Garg is now offering employees paid severance or voluntary separation and health insurance .

San franciscoUnited statesRichard benson armerVishal gargAurora acquisition corp

Better com Offering Severance To Some U S Employees

Two rounds of layoffs weren’t enough for Better.com. Following mass layoffs in December 2021 and last month that, combined, eliminated nearly 4,000 jobs, the online mortgage lender is offering some of its remaining employees in the United States the option of taking a voluntary severance package, according to an email sent to employees Wednesday afternoon that was obtained by National Mortgage Professional. The email is signed by Richard Benson-Armer, Better.com's chief people, performance and culture officer.

United statesRichard benson armerVishal gargNational mortgage

Better com offers voluntary separation to more workers

The lender’s latest announcement comes one month after it laid off a third of its staffers in March and 900 employees in December in a disastrous Zoom call.

South carolinaUnited statesRichard benson armerVishal gargMovement mortgageNational mortgage newsNational mortgageIndustry newsWorkforce managementEmployee engagement

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