Better.com lays off 9% of its staff as it prepares to add $1 billion to its balance sheet

The Better Mortgage company logo. (Credit: Better Mortgage)

The layoffs were swift. 

CEO of financial startup Better.com, Vishal Garg, summoned employees onto a Zoom call the afternoon of Dec. 1, and announced they were being let go. The layoffs—impacting approximately 9% of the company’s staff, about 900 people—would be effective immediately. Then the affected employees’ corporate accounts promptly went dark.