HomeIndian AmericanCEO taking leave after backlash over firing 900 over Zoom

CEO taking leave after backlash over firing 900 over Zoom

CEO Vishal Garg will be taking leave immediately following an uproar that followed after he fired 900 employees over Zoom, reports HousingWire.

Better.com made the announcement in an internal memo.

Chief Financial Officer Kevin Ryan will take over day-to-day operations on an interim basis.

According to Business Insider, the online mortgage start-up will take time to “do a leadership and cultural assessment.”

The company described the firings as “very regrettable events over the last week.”

Garg during his layoff announcement accused 250 staff members of “stealing” from the company for overreporting the amount of time they worked by as much as 400 percent.

“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,” the memo said, reported Business Insider.

Company employees told they would lose their jobs say the matter in which it happened left them stunned.

“I was sitting there thinking ‘what the hell,'” said one employee to NBC who asked to remain anonymous.

Garg would later apologize for the way he carried out the terminations.

“I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better,” he wrote in a letter.

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