Three months after its CEO, Vishal Garg, fired over 900 employees on a Zoom call, Better.com announced on Tuesday that it will terminate more than a third of its staff this week. 

When mortgage rates were low and the online lending business developed, the SoftBank-backed company, which has just over 9,000 employees in the US and India, quadrupled in size. However, real estate market fluctuations and the likelihood of a Federal Reserve rate hike this month have hurt it.

Better.com stated this week's layoffs will receive 60 to 80 days of severance, three months of COBRA health care coverage, and career transition counselling from Randstad RiseSmart.

Better.com's virtual layoffs have been turbulent: After losing business accounts, several December firings learned. According to Blind, an anonymous workplace site, several employees noticed severance in their payroll accounts before being told.