Vishal Garg to return to his role as CEO of Better.com
Vishal Garg is returning to his position as the CEO of Better.com after a month-long break. Mr Garg is best known for the controversial firing of 900 employees on a Zoom call shortly before Christmas last year, following which he stepped down as chief executive of the mortgage tech company he founded. On Tuesday, a letter sent from the board of directors to the company’s employees announced that Vishal Garg would return to his “full-time duties” as CEO, CNN Reported.
The letter said Mr Garg used his leave of absence to “reflect on his leadership, reconnect with the values that make BETTER great and work closely with an executive coach.”
a memo shared with techcrunch It also said the improved board of directors was “moving forward with strong, dynamic CEO leadership.”
Vishal Garg’s return as CEO of Better.com comes just weeks after he stepped down. mass layoff, Last year, leaked footage of his brutal Zoom firing of 900 employees went viral.
Vishal Garg: “I wish I didn’t have to lay off 900 of you guys on Zoom calls, but I’ll give you a break just before the holidays”pic.twitter.com/6bxPGTemEG
— litquidity (@litcapital) December 5, 2021
After huge public backlash, Mr. Garg apologized As for your way of dealing with layoffs.
“I realize that the way I circulated this news made the difficult situation worse,” he said in a letter before taking leave.
During Mr. Garg’s leave from the company he founded, Chief Financial Officer Kevin Ryan took over the day-to-day management.
The Better Board of Directors said in a letter to employees that an independent third party firm has reviewed the company’s workplace culture. Better.com is now implementing some changes, including adding more managers and a chief human resources officer, along with “a company-wide training program on ensuring a respectful workplace.”
In December 2021, Vishal Garg laid off 9 percent of his company’s employees on a Zoom call. Vishal Garg said, “This is not the news you want to hear… If you are on this call, you are part of the unfortunate group that is being laid off. Your employment here has been terminated with immediate effect. Is.” , 43, told the staff.
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