Better.com is planning to lay off 3,000 employees—months after the Lower Manhattan startup received widespread criticism for firing 900 employees during a Zoom call.
The six-year-old startup connects users with home loans online. CFO and Interim President Kevin Ryan said in a letter to employees that its market “has been changing rapidly, and our entire industry is facing a dramatic drop in origination volume due to rising interest rates.”
The company posted the letter to its website Tuesday. The letter does not include a total number to be laid off. Asked for further comment, a spokesperson for Better pointed to a New York Times article that included the
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