US boss fires 900 employees on a Zoom call

The chief executive of a US mortgage company has drawn criticism after he reportedly fired 900 employees on a Zoom call.

He then reportedly said the employees could expect an email from HR with details of severance and benefits.

Garg, a self-described “serial entrepreneur”, said the decision was “really, really challenging” and noted it was the second time in his career he had made such job cuts.

The mortgage lender startup reportedly received a $750m (£564m) cash infusion from investors last week and was recently valued at around $7bn, according to Forbes.