Connect with us

    Hi, what are you looking for?

    buzznificentbuzznificent

    Entertainment

    Vishal Garg Taking Leave from Better.com

    Credit: Unsplash

    Better.com, an online mortgage company, and its CEO Vishal Garg have faced significant criticism lately. Last week, Garg held a Zoom call with 900 employees and abruptly informed them of their termination in a three-minute statement. Subsequently, Garg accused the fired employees of “stealing” from the company by not working the hours they were paid for in a post on Blind, a social network platform.

    The termination of 900 employees, constituting about 9% of Better.com’s workforce, including some top earners, has not been well-received by the public or the remaining employees. This action has led to backlash, with several members of Better.com’s board resigning, including executives in marketing, public relations, and communications.

    To mitigate the situation, Better.com’s executive board has decided to place Garg on immediate leave for an undisclosed period in an attempt to manage the fallout. “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 all be proud of,” mentioned the announcement memo authored by Paula Tuffin, Better.com’s chief compliance officer and general counsel.

    During Garg’s absence, Chief Financial Officer Kevin Ryan will oversee the company’s operations.

    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Advertisement

    Trending

    Advertisement

    You May Also Like

    Entertainment

    In 2009, renowned filmmaker James Cameron introduced the world to Avatar, a groundbreaking science-fiction movie that earned immense commercial success and became one of...

    Entertainment

    Adam Sandler, a seasoned actor known for his comedy, has also demonstrated his ability in more serious and dramatic roles. Following his performance in...

    Entertainment

    Last month, the filming of the movie “Being Mortal,” directed by Aziz Ansari and featuring Bill Murray and Seth Rogan, came to a halt...

    Entertainment

    Jon Stewart, a well-known television personality, was honored with the prestigious Mark Twain Prize for his successful career in television and stand-up comedy over...