Better.com CEO says he is ‘taking time off effective immediately’ after firing 900 employees on Zoom after he accused staff of ‘stealing from the company’: Internal memo refers to ‘very regrettable events over the last week’
- An internal memo from Better.com’s board of directors revealed CEO Vishal Garg would be ‘taking time off’ after he fired 900 workers on Zoom last week
The CEO of Better.com, who fired 900 employees on Zoom last week, is ‘taking time off effective immediately,’ according to an internal memo.
In the email, obtained by Vice, from the mortgage lender company’s board of directors sent out to employees on Friday morning, the company said Vishal Garg would be taking time off and that the company has hired an outside firm to ‘do a leadership and cultural assessment.’
The full email read: ‘Vishal and the Board wanted to provide Better employees an update given the very regrettable events over the last week.
‘Vishal will be taking time off effective immediately. During this interim period Kevin Ryan as CFO will be managing the day-to-day decisions of the company and he will be reporting to the Board. As well, the Board has engaged an independent 3rd party firm to do a leadership and cultural assessment. The recommendations of this assessment will be taken into account to build a long-term sustainable and positive culture at Better. We have much work to do and we hope that everyone can refocus on our customers and support each other to continue to build a great company and a company we can be proud of.’
Better.com’s controversial CEO Vishal Garg, 43, apologized after facing rampant criticism for laying off 900 employees over a Zoom call last week
Better.com did not immediately respond to DailyMail.com’s request for comment.
Garg, 43, had