In my opinion, everyone is focused on the wrong thing. HOW these layoffs occurred is not as important as WHY.
According to various sources, the company is about to go public at a $6.9 billion valuation. On top of that, it just got a $1.5 billion cash infusion.
Can someone tell me why the CEO and the executive team aren’t getting laid off, too?
“On Nov. 30, TechCrunch reported that the company was getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting until the deal closes.“
According to various sources, the company is about to go public at a $6.9 billion valuation. On top of that, it just got a $1.5 billion cash infusion.
Can someone tell me why the CEO and the executive team aren’t getting laid off, too?
“On Nov. 30, TechCrunch reported that the company was getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting until the deal closes.“
https://techcrunch.com/2021/12/01/better-com-lays-off-9-of-i...