Better.com does it again

Online mortgage lender Better.com, which laid off 900 people via a Zoom call in December, confirmed that it has laid off a “small number” of additional employees by accidentally notifying them via its payroll app.

According to TechCrunch, the layoffs were supposed to be announced on March 8 but were pushed back to March 9th after the information was leaked to the press.

The snafu occurred after the company forgot to change the date in its employee payroll app — Workday — which led to employees receiving severance checks at 12 a.m. on March 8th, before they had been informed of the reduction.

Approximately 3,000 workers in the U.S. and India, who make up almost half of the company’s 8000 employees, are being made redundant. TechCrunch added that the severance package reportedly consisted of 60 to 80 days worth of pay.

In an email to employees, Better.com Chief Financial Officer Kevin Ryan wrote that the company “had to adjust to volatility in the interest rate environment and refinancing market.”