One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff.
Doing the math, that amounts to about 900 people.
The company declined to comment beyond the following written statement from CFO Kevin Ryan: “A fortress balance sheet and a reduced and focused workforce together set us up to play offense going into a radically evolving homeownership market.”
People familiar with internal happenings in the company, which is set to go public in the near future at a
No word on whether the company has been in a cash crunch, but an email from CFO Ryan to employees obtained by TechCrunch revealed that Better would have about
Doing the math, that amounts to about 900 people.
The company declined to comment beyond the following written statement from CFO Kevin Ryan: “A fortress balance sheet and a reduced and focused workforce together set us up to play offense going into a radically evolving homeownership market.”
People familiar with internal happenings in the company, which is set to go public in the near future at a
No word on whether the company has been in a cash crunch, but an email from CFO Ryan to employees obtained by TechCrunch revealed that Better would have about