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Better boss Vishal Garg (screenshot): wants to be a better boss in the future.
Photo: Better.com
His Zoom call went around the world: when Vishal Garg suddenly fired around 900 employees of the American online mortgage broker Better.com in an online video conference last December, his controversial actions made the headlines worldwide.
"If you participate in this call, you will be part of the unfortunate group to be fired," Garg said in a video conference call at the time.
In view of the massive criticism, the Better.com boss himself was sent on "time off".
Now, after less than two months, he is returning to his old position with the blessing of the board of directors, according to several media outlets, citing an internal memo from the company's board of directors.
"Vishal will resume his full-time duties as CEO," the email to employees said.
"We have faith in Vishal and in the changes he intends to make to provide the kind of leadership, focus and vision Better needs at this crucial time."
Garg had already apologized for his actions in December.
The layoffs were justified.
However, he himself "screwed up" the implementation and "exposed" those affected.
Behind the mortgage financier Better.com is, among others, the Japanese Softbank group.
Better.com is planning an IPO with a so-called shell company (SPAC) - and had previously collected several hundred million dollars from investors.
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