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'Shark Tank' star Barbara Corcoran came under fire for saying that she loved 'firing people on Friday'

Apr 14, 2023, 20:33 IST
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Barbara Corcoran.Taylor Hill/Getty
  • "Shark Tank" investor Barbara Corcoran is under fire for recent comments about her firing practices.
  • "I love firing people on Friday," she said. "I couldn't wait 'til they came in to fire them!"
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Barbara Corcoran is coming under fire for her controversial firing practices.

During an episode of the podcast "The Diary of a CEO" in December, the real estate mogul bragged about how she fires employees at her firm, The Corcoran Group.

"What I would love to do is call someone into my office on Friday," she explained. "I love firing people on Friday. I would stop by someone's desk on a Wednesday and say, 'Hey, would you have any time, sometime on Friday?'

"They should have heard about the rumors," Corcoran continued, adding, "I couldn't wait 'til they came in to fire them!"

During the podcast episode, Corcoran described the type of worker she enjoys letting go of.

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"I picked out individuals who were negative, and my attitude toward the negative person was they were ruining my good kids, because people who are negative have to have somebody else to be negative with them," she explained. "They gotta talk to somebody."

"I'm not talking about people who tell you what you're doing wrong," she added. "They're invaluable so that you can get better. I'm talking about chronic complainers and negative people. You gotta get rid of them."

To add insult to injury, Corcoran said she doesn't give employees a concrete reason for their termination, telling them simply that they "don't fit the company."

Since joining "Shark Tank" in 2009, Corcoran has become well-known in the public sphere for her tough business advice, which she frequently shares with her 1.1 million TikTok followers. But her recent declarations about terminating employees have struck a nerve with some people who weighed in on a TikTok clip of Corcoran's comments.

"One should NEVER be giddy about firing people," one commenter wrote. "I've been a business leader for 15+ years. This is the one thing I hate."

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Added another TikTok user: "If they're negative you might want to reflect on yourself."

Corcoran has not responded to Insider's request for comment.

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