Better.com CEO who fired 900 employees over Zoom returns to work
Better.com CEO, Vishal Garg, who infamously fired 900 employees over Zoom right before Christmas, is reported to be returning to work.
In a video call last month, only weeks before Christmas, Garg told 900 employees: “If you’re on this call you are part of the unlucky group that is being laid off. Your employment here is terminated. Effective immediately.”
A recorded of the call was shared on social media, resulting in a huge public backlash for Garg, who later apologised and was then reported to be taking a break in the aftermath of the events.
Several senior members of the team resigned in protest of the move. In the aftermath, the mortgage lending company also announced that it is recruiting a new chairman, as well as introducing a training program to build “a respectful workplace,” among other measures.
However, Garg has returned just a month after laying off about 15% of his staff over Zoom.
Better.com is a US-based company that aims to use technology to make the house-buying process easier. Last year, the company said it planned to float on the stock market, which could value the business at between £5.2bn and £5.6bn.