Better.com CEO to take time off following Zoom layoffs backlash
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Better.com CEO Vishal Garg is "taking time off effective immediately" following his controversial decision to lay off about 900 employees, or approximately 9% of the online mortgage lending company's staff, over a Zoom call.
According to an email from Better's board of directors obtained by Vice News, company chief financial officer Kevin Ryan will manage the company's day-to-day operations in Garg's absence and report directly to the board. In addition, the board is engaging with an independent third-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," the email continues. "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."