Vishal Garg, the chief executive of US-based digital mortgage lender Better.com, who laid off about 15 per cent of the company’s workforce on a Zoom call in December, has resumed full-time work after taking a month off.
“As you know, Better’s CEO Vishal Garg has been taking a break from his full-time duties to reflect on his leadership, reconnect with the values that make Better great and work closely with an executive coach,” the company’s board told staff in an internal memo on Tuesday, according to The Daily Beast.
“We are confident in Vishal and in the changes he is committed to making to provide the type of leadership, focus and vision that Better needs at this pivotal time.”
We are confident in Vishal and in the changes he is committed to making to provide the type of leadership, focus and vision that Better needs at this pivotal time
Better.com board
Mr Garg has been on leave since December 10 after a video of him firing 900 employees on a Zoom call on December 1 was uploaded on YouTube.
“If you are on this call, you are part of the unlucky group that is being laid off,” Mr Garg said. “Your employment here is terminated effective immediately.”
Mr Garg later apologised to the company’s employees in a letter, where he said he failed to show the required respect and appreciation for those who were affected.
The SoftBank-backed mortgage lending start-up engaged an independent third party to “do a leadership and cultural assessment”.
The company conducted a “thorough, independent” review and will be expanding its leadership with a new board chairman, a president and a chief human resources officer, the New York Times reported, citing the internal memo.
Better will also be “implementing a company-wide training programme on ensuring a respectful workplace”, the memo added.
'Of Love & War'
Lynsey Addario, Penguin Press
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TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
UAE currency: the story behind the money in your pockets
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