Remember the CEO who fired 900 employees on Zoom call? He has been fired, ready to work for $1 annual salary
New Delhi, Aug. 15 -- "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."
Remember Vishal Garg, who fired 900 employees on a Zoom call? The Better Home & Finance CEO was fired on 3 August. Now, he feels deceived.
Garg claims his replacement, Daniel Lewis, praised the company. He alleges that Lewis used this praise to secure a seat on the board, according to CNN.
Better has faced considerable turmoil throughout Garg's leadership tenure. The company once held an $8 billion valuation during pandemic-era refinancing booms. Today, with rates near 7%, its market value sits at $300 million, CNN reported.
Garg earlier took a leave of absence following co...
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