![]() ![]() In his apology letter, he wrote “I own the decision to do the layoffs, but in communicating it I blundered the execution. He apologized for his way of dealing with the situation. Later that week, after facing criticism for his method, Vishal Garg released an apology letter. In the call, he said, “the market has changed, as you know, and we have to move with it, in order to survive.” ![]() ![]() During the infamous Zoom call, Garg blamed employees for stealing from the company on the sheer basis of wasting company time. The company had decided to layoff 15 percent of its employees last year. What happened on the Zoom callī is a US-based real estate company that is backed by big companies such as Softbank and Aurora. The company is yet to confirm officially that Garg will be coming back as the CEO of. 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.” The memo further stated, “Vishal will be resuming his full-time duties as CEO. The leaked memo from the board of the company reads, “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.” Also Read - Musk announces hiring freeze for Tesla, may layoff 10 percent employees: Report Also Read - Flipkart co-founder Binny Bansal sells stake to Tencent amidst border tensions with China The memo explains why they think Garg will continue to be the CEO. Also Read - Meta CEO Mark Zuckerberg, COO Sheryl Sandberg called to court over Cambridge Analytica lawsuitĪ new memo has now been spotted by CNBC, showing that the board of has decided to retain Garg as the CEO. In an attempt to regain faith, the company’s board had announced that Garg was going to take a break to “reflect on his leadership”. The incident was followed by unparalleled criticism from all over the globe. CEO Vishal Garg became famous the world over after he fired around 900 employees together on a Zoom call. ![]()
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