Good Morning,
Vishal and the Board wanted to provide Better employees an update given the very regrettable events over the last week.
Vishal will be taking time off effective immediately. During this interim period Kevin Ryan as CFO will be managing the day-to-day decisions of the company and he will be reporting to the Board. As well, the Board has engaged an independent 3rd party firm to do a leadership and cultural assessment. The recommendations of this assessment will be taken into account to build a long-term sustainable and positive culture at Better. We have much work to do and we hope that everyone can refocus on our customers and support each other to continue to build a great company and a company we can be proud of.
Better Board of Directors
Later, on the anonymous tech company-focused social media forum Blind, Garg said the blame lay with the laid-off employees, alleging without proof that “at least 250 of the people terminated were working an average of 2 hours a day while clocking in 8 hours+ a day in the payroll system,” essentially “stealing” from customers and the company. (Numerous former employees have since told Motherboard the comment offended them.)Three top Better employees resigned from the company after the layoffs, and Garg apologized to staff, saying he “failed to show the appropriate amount of respect and appreciation for individuals who are affected and for their contributions to Better.”Do you have a tip about the CEO of your company? From a non-work device, contact our reporter at maxwell.strachan@vice.com or via Signal at 310-614-3752 for extra security.