Digital mortgage company Better.com, once a beacon of the fintech world, faced a harsh reality check as its stock plummeted 93 percent upon its Wall Street debut this week. Better.com became notorious when bumbling CEO Vishal Garg fired more than 900 employees over Zoom just before Christmas in 2021.
Vishal Garg, the embattled CEO of Better.com, recently informed laid-off employees in a leaked video that the company “probably pissed away $200 million,” resulting in layoffs. Garg infamously laid off 900 people via Zoom meeting weeks before Christmas last year.
Employees at the digital mortgage lender Better.com reportedly learned that they have been laid off when their severance checks suddenly appeared in their payroll app. Last year the company’s bumbling CEO, Vishal Garg, faced massive backlash after laying off other employees via a mass Zoom meeting.
Three top executives at Better.com have reportedly resigned from the mortgage lender after CEO Vishal Garg received major backlash for awkwardly firing at least 900 employees over Zoom. Additional bizarre communications from Garg have leaked out, such as an email reading: “You are a bunch of DUMB DOLPHINS and…DUMB DOLPHINS get caught in nets and eaten by sharks. SO STOP IT. STOP IT. STOP IT RIGHT NOW. YOU ARE EMBARRASSING ME.”
Vishal Garg, the CEO of digital mortgage company Better.com, recently fired more than 900 employees via a single Zoom meeting last week, which is about 15 percent of the company’s workforce. Garg later accused “at least 250” staffers of working just two hours a day.