Better.com's Founder Returns As CEO After Firing 900 Workers On Zoom

An anonymous reader quotes a report from The New York Times: Vishal Garg, the Better.com founder, who fired roughly 900 of his workers via Zoom last month and then took 'time off,' is returning to his position as the head of his mortgage lending company. 'As you know, Better's C.E.O. 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,' Better.com's board said on Tuesday in an email to the staff, which was reviewed by The New York Times. '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.'

Better.com has since conducted a 'thorough, independent' review of its culture, according to the board's memo on Tuesday. The review was led by Anthony Barkow, a partner at the law firm Jenner & Block and a former federal prosecutor. As a result of that investigation, the company is working to expand its leadership by recruiting a new chairman for the board, a president and a chief human resources officer. In the meantime, a former McKinsey senior partner, Richard Benson-Armer, will serve as interim head of human resources, and the company's chief financial officer, Kevin Ryan, will serve as interim president. Two members of the board also recently resigned, but not 'because of any disagreement with Better,' according to the memo. Some of the additional measures the company announced Tuesday include a training program on building 'a respectful workplace' and a new ethics and compliance committee, reporting directly to the board.

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