Axios

Better.com delays close of $7.7B reverse merger after mass layoffs

Better.com, a New York-based home mortgage startup backed by SoftBank, is delaying the close of its $7.7 billion reverse merger with Aurora Acquisition Corp. Why it matters: The move comes after the company fired around 900 employees, or 9% of its workforce, via Zoom. Yes, via Zoom. And, just to add insult to injury, that video conference from hell came 24 hours after Better received an accelerated $750 million infusion from investors in the SPAC merger.Get market news worthy of your time with A

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