Better.com laid off more than 900 of its employees in one stroke. The company’s CEO simultaneously fired these employees during the Zoom call. Since this incident, Vishal Garg, CEO of Better.com is in the headlines.
People are curious about Vishal Garg after laying off employees during virtual interaction. So let’s know about Vishal Garg, CEO of Better.com.
Who is Vishal Garg?
Let us tell you that Vishal Garg is the founder and CEO of Better.com company. This company is a digital-first homeownership company. According to Garg’s LinkedIn bio, he is also the founding partner of One Zero Capital, an investment holding company.
Vishal Garg also came into the limelight earlier this year when he donated around Rs 15 crore to public school students in New York City for better online learning during the coronavirus pandemic. This money was used to provide facilities like iPad, the Internet, books, dress to poor children.
Why is Vishal trending right now?
During the Vishal Garg Zoom meeting, Vishal Garg had announced the layoff of 900 employees in one stroke. Whose video went viral on social media. It is being told that this video was recorded by an employee involved in the meeting, which has now been leaked on the Internet. Vishal Garg’s search has increased since this video surfaced.
Vishal Garg: “I wish I didn’t have to lay off 900 of you over a zoom call but I’m gonna lay y’all off right before the holidays lmfaooo”pic.twitter.com/6bxPGTemEG
— litquidity (@litcapital) December 5, 2021
Why fired 900 employees?
After firing the staff, Vishal Garg said- “This is the second time in my career that I am doing this. However, I don’t want to do it. The last time I did it, I cried. This time, I got more Expected to be strong. We are laying off around 15 per cent of the company due to various reasons.” Garg attributed this to market, productivity and production.