This is capitalism! Better.com CEO fires 900 employees over Zoom after getting $750 million from SoftBank

We read on CNN: "Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays.

"If you're on this call, you are part of the unlucky group that is being laid off", Garg said during a Zoom call. "The market 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,” the CEO pointed out. “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". 

Who will pay for the crisis? Lufthansa receives $10 billion state bailout and cuts 30,000 jobs

On November 14th we were writing that at least 90,000 people will lose their job by the end of December as a result of mass layoffs by major U.S. airline companies. Aviation giants, such as United Airlines and American Airlines laid off 32,000 workers last October in an attempt to blackmail the U.S. government for higher subsidies.

The COVID-19 pandemic had a serious impact on the aviation industry due to travel restrictions and a significant slump in demand among travellers. No travellers means less profits for the big airliners. In order to reduce losses, the monopolies of aviation proceed to a series of anti-labor measures, including pay cuts, furloughs and, of course, layoffs. 

Solidarity with the workers and staff in U.S. airlines — No to layoffs, pay cuts and anti-labor measures!

Employment will drop by 90,000 full-time employees by December, according to Airlines for America trade group, which represents major U.S. airlines.

The 90,000 job losses will bring U.S. airlines employment to its lowest level since the mid-1980s by year's end as a result of more than 30,000 furloughs at airlines such as United and American and thousands of other workers from Southwest, Delta Airlines and other carriers accepting buyouts, CNBC reported.

Bureau of Transportation Statistics data that the trade group compiled show the drop from pre-COVID peak in March of 460,000 full-time jobs to 370,000 full-time jobs by year's end.