Looking visibly uncomfortable, Mr. Garg warned staff members that something terrible lay ahead for them on the three-minute Zoom call.
“I come to you with not great news,” the 43-year-old CEO said.
“The market has changed, as you know, and we have to move with it in order to survive so that hopefully, we can continue to thrive and deliver on our mission.
“This isn’t news that you’re going to want to hear. But ultimately it was my decision.
“And I wanted you to hear from me. It’s been a really, really challenging decision to make.”
Not holding back, Mr. Garg revealed he would be sacked a whopping 15 percent of the workforce.
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