offers voluntary separation plan to remaining employees after two mass layoffs

Less than a month after sacking 3,000 employees in the US and India, Better is set to cut its staff even further – but this time, through a voluntary separation program, not on a surprise Zoom call.

The digital mortgage lender is offering some of its US-based corporate, product development and engineering staff 60 days of severance pay and health insurance coverage if they voluntarily resign, according to sources familiar with the plan, reported on by Bloomberg.

Better’s newly appointed chief human resources officer Richard Benson-Armer cited the “uncertain mortgage market conditions” for the move.