• Home
  • Internet
  • Internet News
  • Better.com CEO Vishal Garg Said to Be Taking Time Off With Immediate Effect After Zoom Call Firing Fiasco

Better.com CEO Vishal Garg Said to Be Taking Time Off With Immediate Effect After Zoom Call Firing Fiasco

Vishal Garg apologised earlier this week after laying off 900 better.com employees over a Zoom call.

Better.com CEO Vishal Garg Said to Be Taking Time Off With Immediate Effect After Zoom Call Firing Fiasco

Photo Credit: Twitter/ Vishal Garg

Garg cited the market, performance and productivity as reasons behind the decision to lay off employees

Highlights
  • CFO Kevin Ryan will be managing the day-to-day decisions of the company
  • Better.com was founded in 2016 and headquartered in New York
  • It offers mortgage and insurance products to homeowners
Advertisement

Better.com Chief Executive Officer Vishal Garg is taking time off with immediate effect, Vice reported on Friday, citing an email from the digital mortgage company's board.

Garg apologized earlier this week for his manner of handling layoffs at the mortgage company after a video of him firing 900 people via a Zoom call went viral on social media.

Chief Financial Officer Kevin Ryan will be managing the day-to-day decisions of the company and will be reporting to the board, Vice reported, citing the email.

Better.com's board has also engaged an independent third party firm to do a leadership and cultural assessment, according to the report.

Better.com did not immediately respond to a Reuters request for comment.

Garg, who has come under fire following his actions at the SoftBank-backed company, said earlier this week he had "blundered the execution" of communicating the layoffs.

The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India.

Founded in 2016 and headquartered in New York, Better.com offers mortgage and insurance products to homeowners through its online platform.

The company said in May it would go public through a merger with blank-check firm Aurora Acquisition, in a deal that valued it at $7.7 billion (roughly Rs. 58,347 crores).

© Thomson Reuters 2021


Why does Redmi refresh its phones so soon? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Better, Vishal Garg, Zoom
Prime Minister Modi Says Cryptocurrency Should Be Used to Boost Democracy, Not Harm It
Eternals Disney+ Hotstar Release Date Set for January 12, 2022
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »