Better founder who fired 900 employees over Zoom is now fighting to get his own job back
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In context: Vishal Garg, the Better Home & Finance founder whose 2021 video-call firing of 900 employees became a symbol of the company's turmoil, is trying to reclaim the CEO job just as Better bets its recovery on AI-driven mortgage processing. Garg says the board removed him at a pivotal moment, when the company's automation tools were starting to lift loan volume and push the lender closer to profitability.
Garg was replaced earlier this month by Daniel Lewis, a hedge fund manager who joined Better's board on July 27. Garg said Lewis had been advising him for about six months before taking the board seat, offering ideas on cost reductions and profitability.
Garg said Lewis then persuaded Better's directors to remove him and install Lewis as CEO roughly a week after he joined...
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