Indian-American entrepreneur Vishal Garg has been ousted as Better Home & Finance CEO. The company cited concerns about his judgment and credibility after significant losses. Garg’s removal follows his controversial 2021 mass layoff of 900 employees. He is now seeking to regain his position and is offering to work for one dollar annually. Better’s market value has significantly decreased since its pandemic-era peak. Indian-American entrepreneur Vishal Garg has been ousted as Better Home & Finance CEO. The company cited concerns about his judgment and credibility after significant losses. Garg’s removal follows his controversial 2021 mass layoff of 900 employees. He is now seeking to regain his position and is offering to work for one dollar annually. Better’s market value has significantly decreased since its pandemic-era peak.
Trending
- ‘Not a matter of ego’: BCI chairman apologises to law students after row over NALSAR diktat
- US housing squeeze: Over 50% of families burdened by rent; here’s how much tenants pay
- In 1923, wardens began protecting a 35-acre Texas island where last reddish egrets survived
- ‘Sharma Ji Ka Beta Toh…’: Why some Indian careers are judged before they are chosen?
- In 1975, Chantal Doecke was evacuated from Vietnam to Australia as a newborn; 49 years later…
- BWF World C’ships: Beyond smashes, drops, the conditions could decide the winner
- Food regulator failed to penalise 2,430 firms: CAG
- OpenAI’s S7 data centre drops plan to cool it with recycled water after permit snags