Furniture company lays off thousands in a memo just days before Thanksgiving

A Mississippi-based company that had become one of the largest furniture businesses in the country has laid off nearly its entire workforce.

A second email informed workers their "layoff from the company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA," referring to the federal law that gives people who lose their jobs an option to keep their employer-sponsored health insurance coverage under some circumstances.

The memo said the layoffs were made at the instruction of the company's board of directors and were due to "unforeseen business circumstances." The memo did not offer any specific details about what led to the layoffs.Better.com CEO Vishal Garg apologizes for firing 900 employees over Zoom

Oh shit. It’s starting.

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