Online-Mortgage Lender Better Fires 3,000 in Latest Cuts
- Some people found out by noticing a large lump sum in the bank
- Decision stems from ‘headwinds’ affecting real estate market
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Online-mortgage lender Better is firing roughly 3,000 employees in the U.S. and India as rising interest rates weigh on the volume of new loans.
The total represents about 35% of the company’s workforce, according to a person familiar with the matter who asked not to be identified discussing private information.