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It’s tough at the top!

Today we took a quick look at two very different kinds of business which first off caused us to ask if  your boss is a hard task master?

Well just imagine working for a company who’s CEO fired 9% of the company’s workforce – that’s 900 people – in the course of a mere 3 minute zoom call?

But that’s exactly what Vishal Garg, CEO of New York based online mortgage firm Better.com did.

During the course of the call he told his employees that they were so lazy and unproductive that they were effectively ‘stealing’ from customers.

Really?

But now it seems that three of his senior executives are so angry that they have all resigned and more are expected to follow.

And as for the boss himself, well it seems that he’s admitted that his actions made a ‘difficult situation worse’.

He has now apologised to the remaining staff members saying that he ‘failed to show the appropriate amount of respect and appreciation for the affected individuals and for their contributions to the company.’

He went on to say in the email: “I own the decision to do the layoffs, but in communicating I blundered the execution. In doing so, I embarrassed you.

“I realise that the way I communicated this news made a difficult situation worse. 

“I am deeply sorry and am committed to learning from the situation and doing more to be the leader that you expect me to be.”

However he then added that, “You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system.

They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated.”

Having to conduct layoffs is gut-wrenching, especially this time of year.”

Well there you have it! And a merry Christmas to you too!

Meanwhile can you imagine being an entrepreneur whilst still a child?

Well the Australian mother of 10-year-old PIXIE CURTIS thinks her daughter could well be able to retire at the age of just 15 as her business selling toys and games, set up when she was just a baby raked in $200,00 in the first month of trading and sold out of stock in the first 48 hours.

Of course she could keep on working, raking in the dosh, take ownership of the operation or launch a new company. 

Right now her company PIXIE’S PIXS is concentrating on the FIDGET SPINNER craze, which are marketed as PIXIE’S FIDGETS

Now if you don’t know what a fidget spinner is I can tell you it’s a toy that consists of a ball bearing in the centre of a multi-lobed flat structure made from metal or plastic designed to spin along its axis with very little effort.

But Pixie doesn’t just rely on one product and sells a whole range of toys, games and children’s items.

Pixie is helped by her mother, ROXY JACENKO who looks after product development, marketing and branding.

Earlier this year mum Roxy bought her daughter a $270,000 Mercedes Benz but I’m guessing that it’s Mum who’s actually driving it!

Whilst you think on that I’ll see you again tomorrow,
Scott

It’s tough at the top!

Today we took a quick look at two very different kinds of business which first off caused us to ask if  your boss is a hard task master?

Well just imagine working for a company who’s CEO fired 9% of the company’s workforce – that’s 900 people – in the course of a mere 3 minute zoom call?

But that’s exactly what Vishal Garg, CEO of New York based online mortgage firm Better.com did.

During the course of the call he told his employees that they were so lazy and unproductive that they were effectively ‘stealing’ from customers.

Really?

But now it seems that three of his senior executives are so angry that they have all resigned and more are expected to follow.

And as for the boss himself, well it seems that he’s admitted that his actions made a ‘difficult situation worse’.

He has now apologised to the remaining staff members saying that he ‘failed to show the appropriate amount of respect and appreciation for the affected individuals and for their contributions to the company.’

He went on to say in the email: “I own the decision to do the layoffs, but in communicating I blundered the execution. In doing so, I embarrassed you.

“I realise that the way I communicated this news made a difficult situation worse. 

“I am deeply sorry and am committed to learning from the situation and doing more to be the leader that you expect me to be.”

However he then added that, “You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system.

They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated.”

Having to conduct layoffs is gut-wrenching, especially this time of year.”

Well there you have it! And a merry Christmas to you too!

Meanwhile can you imagine being an entrepreneur whilst still a child?

Well the Australian mother of 10-year-old PIXIE CURTIS thinks her daughter could well be able to retire at the age of just 15 as her business selling toys and games, set up when she was just a baby raked in $200,00 in the first month of trading and sold out of stock in the first 48 hours.

Of course she could keep on working, raking in the dosh, take ownership of the operation or launch a new company. 

Right now her company PIXIE’S PIXS is concentrating on the FIDGET SPINNER craze, which are marketed as PIXIE’S FIDGETS

Now if you don’t know what a fidget spinner is I can tell you it’s a toy that consists of a ball bearing in the centre of a multi-lobed flat structure made from metal or plastic designed to spin along its axis with very little effort.

But Pixie doesn’t just rely on one product and sells a whole range of toys, games and children’s items.

Pixie is helped by her mother, ROXY JACENKO who looks after product development, marketing and branding.

Earlier this year mum Roxy bought her daughter a $270,000 Mercedes Benz but I’m guessing that it’s Mum who’s actually driving it!

Whilst you think on that I’ll see you again tomorrow,
Scott

It’s tough at the top!

Today we took a quick look at two very different kinds of business which first off caused us to ask if  your boss is a hard task master?

Well just imagine working for a company who’s CEO fired 9% of the company’s workforce – that’s 900 people – in the course of a mere 3 minute zoom call?

But that’s exactly what Vishal Garg, CEO of New York based online mortgage firm Better.com did.

During the course of the call he told his employees that they were so lazy and unproductive that they were effectively ‘stealing’ from customers.

Really?

But now it seems that three of his senior executives are so angry that they have all resigned and more are expected to follow.

And as for the boss himself, well it seems that he’s admitted that his actions made a ‘difficult situation worse’.

He has now apologised to the remaining staff members saying that he ‘failed to show the appropriate amount of respect and appreciation for the affected individuals and for their contributions to the company.’

He went on to say in the email: “I own the decision to do the layoffs, but in communicating I blundered the execution. In doing so, I embarrassed you.

“I realise that the way I communicated this news made a difficult situation worse. 

“I am deeply sorry and am committed to learning from the situation and doing more to be the leader that you expect me to be.”

However he then added that, “You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system.

They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated.”

Having to conduct layoffs is gut-wrenching, especially this time of year.”

Well there you have it! And a merry Christmas to you too!

Meanwhile can you imagine being an entrepreneur whilst still a child?

Well the Australian mother of 10-year-old PIXIE CURTIS thinks her daughter could well be able to retire at the age of just 15 as her business selling toys and games, set up when she was just a baby raked in $200,00 in the first month of trading and sold out of stock in the first 48 hours.

Of course she could keep on working, raking in the dosh, take ownership of the operation or launch a new company. 

Right now her company PIXIE’S PIXS is concentrating on the FIDGET SPINNER craze, which are marketed as PIXIE’S FIDGETS

Now if you don’t know what a fidget spinner is I can tell you it’s a toy that consists of a ball bearing in the centre of a multi-lobed flat structure made from metal or plastic designed to spin along its axis with very little effort.

But Pixie doesn’t just rely on one product and sells a whole range of toys, games and children’s items.

Pixie is helped by her mother, ROXY JACENKO who looks after product development, marketing and branding.

Earlier this year mum Roxy bought her daughter a $270,000 Mercedes Benz but I’m guessing that it’s Mum who’s actually driving it!

Whilst you think on that I’ll see you again tomorrow,
Scott

It’s tough at the top!

Today we took a quick look at two very different kinds of business which first off caused us to ask if  your boss is a hard task master?

Well just imagine working for a company who’s CEO fired 9% of the company’s workforce – that’s 900 people – in the course of a mere 3 minute zoom call?

But that’s exactly what Vishal Garg, CEO of New York based online mortgage firm Better.com did.

During the course of the call he told his employees that they were so lazy and unproductive that they were effectively ‘stealing’ from customers.

Really?

But now it seems that three of his senior executives are so angry that they have all resigned and more are expected to follow.

And as for the boss himself, well it seems that he’s admitted that his actions made a ‘difficult situation worse’.

He has now apologised to the remaining staff members saying that he ‘failed to show the appropriate amount of respect and appreciation for the affected individuals and for their contributions to the company.’

He went on to say in the email: “I own the decision to do the layoffs, but in communicating I blundered the execution. In doing so, I embarrassed you.

“I realise that the way I communicated this news made a difficult situation worse. 

“I am deeply sorry and am committed to learning from the situation and doing more to be the leader that you expect me to be.”

However he then added that, “You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system.

They were stealing from you and stealing from our customers who pay the bills that pay our bills. Get educated.”

Having to conduct layoffs is gut-wrenching, especially this time of year.”

Well there you have it! And a merry Christmas to you too!

Meanwhile can you imagine being an entrepreneur whilst still a child?

Well the Australian mother of 10-year-old PIXIE CURTIS thinks her daughter could well be able to retire at the age of just 15 as her business selling toys and games, set up when she was just a baby raked in $200,00 in the first month of trading and sold out of stock in the first 48 hours.

Of course she could keep on working, raking in the dosh, take ownership of the operation or launch a new company. 

Right now her company PIXIE’S PIXS is concentrating on the FIDGET SPINNER craze, which are marketed as PIXIE’S FIDGETS

Now if you don’t know what a fidget spinner is I can tell you it’s a toy that consists of a ball bearing in the centre of a multi-lobed flat structure made from metal or plastic designed to spin along its axis with very little effort.

But Pixie doesn’t just rely on one product and sells a whole range of toys, games and children’s items.

Pixie is helped by her mother, ROXY JACENKO who looks after product development, marketing and branding.

Earlier this year mum Roxy bought her daughter a $270,000 Mercedes Benz but I’m guessing that it’s Mum who’s actually driving it!

Whilst you think on that I’ll see you again tomorrow,
Scott

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