Highlights
- Better.com CEO Vishal Garg sent on leave
- 900 employees were fired in a zoom call
- This video of him went viral on social media
- Vishal Garg apologized after severe criticism
Better.com’s Indian-origin CEO Vishal Garg, who laid off 900 employees on a Zoom call, is being sent on immediate leave. This has come to the fore by quoting the email of this US-based digital mortgage company. In place of Vishal Garg, Chief Financial Officer Kevin Ryan will take day-to-day decisions at the company and report to the board.
Vishal Garg fired 900 employees in a 3-minute zoom call. His video went viral on social media and it was being criticized all over the world. After this the company has decided to send Garg on leave. The company’s board has also appointed an independent third party to be responsible for the leadership and cultural assessment. Better.com did not immediately comment on the matter.
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worldwide criticism
It is not the first time that someone has been fired, but it was the first time that 900 people were fired through a Zoom call. Whoever saw the video of 900 employees being fired from a Zoom call, started calling Vishal Garg ‘Khadoos Boss’. Many employees of the company also expressed their grief over such behavior. This video became very viral on social media. Eventually Vishal Garg had to apologize for this.
Vishal Garg admitted that his method was not right. He has made a big mistake in giving information about the employees being fired. People should not have been fired in this way. Vishal Garg admitted that the manner in which he told people about being fired, made a difficult time for the employees from bad to worse. Despite his apology, the company’s board has decided to send him on leave.
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what does the company do
The SoftBank-invested company had laid off employees in the US and India. Garg said that the employees have been laid off due to poor performance in the market, performance and productivity. Better.com was formed in 2016 and is headquartered in New York. It offers mortgage and insurance products through online platforms. The company said in May that it would go public through a merger with Aurora Acquisition Corp.
Who is Vishal Garg: Zoom video of Indian-origin Khadoos boss goes viral, through which 900 employees were fired!
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