Better.com CTO Diane Yu agreed to a digital mortgage lender’s voluntary divorce plan unveiled earlier this week, according to a Bloomberg report published on the anonymous professional network Blind.
According to an internal memo cited by Blind, she will remain an “advisor” to the company, which will give her “more time with her family and more flexibility to spend extra time in Hong Kong.”
You Join Better.com in January 2021 Lead the technical and technological strategy of a startup. Previously, he led the development of the Advanced Advertising Group at Comcast as CTO. The company was at its peak at the time, saying it was promising $3 billion a month and had hired more than 4,000 employees since the pandemic began in March 2020 — a 10-month period.
However, over the past year, the number of refinances has fallen sharply, and home sales have also declined in light of rising mortgage rates. Since December 1, 2021, the company has laid off more than 4,100 employees. On April 5, Better.com offered the company and product staff, designers and engineers the opportunity to voluntarily retire in exchange for 60 days of severance pay and health insurance.
On April 7, Yoo mentioned the voluntary divorce program on LinkedIn, but did not mention his decision directly:
“I’m reaching out to my network to let you know that some of BETTER’s top engineers will be applying for this program due to their personal circumstances. If you need any technical talent, please leave your contact details in the comment section below or contact me directly.”
Yu’s departure adds a lot of questions about the fate of the company. With no tech lead and with tech staff offering voluntary weekend packages, it’s unclear where the company wants to go.
gaming-updates has reached out to You and Better.com for comment, but has not received a response as of this writing.
My Weekly Fintech Newsletter is Coming Soon! subscribing Here to receive in your mailbox.