He Fired 900 People Over Zoom and Was Later Ousted by Better’s Board. Now He Wants Back In
Better says Garg used misleading statements and shareholder outreach to try to reverse his removal after the board cited $1.5 billion in losses.
- Better Home filed a lawsuit on Tuesday in the Southern District, New York, accusing founder Vishal Garg of orchestrating a 'scorched-earth campaign' to forcefully regain his CEO role.
- The board voted unanimously on August 3 to remove Garg as CEO, citing net losses exceeding $1.5 billion since 2022 and a 90% collapse in stock price.
- Better alleges Garg violated Securities Law Violations by 'cultivating a coalition of shareholders' and 'flooding the market with misleading statements' to bypass proxy disclosure requirements.
- Garg publicly claimed he already secured '52 per cent' of the shareholder vote and offered to work for $1 a year until profitability returns.
- Hedge fund manager Daniel Lewis was appointed CEO following the unanimous board decision, years after Garg gained notoriety for dismissing 900 employees via a Zoom meeting.
11 Articles
11 Articles
Vishal Garg, founder and former executive director of Better Home & Finance, was again at the center of the controversy. In 2021 he became known worldwide for dismissing some 900 employees during a video call from Zoom just before Christmas. The decision generated strong criticism and Garg later apologized for the way he handled the layoffs. Five years later, Garg lost his own position. On August 3, 2026, Better’s board of directors removed him …
CEO Who Fired 900 on Zoom and Called Staff 'Monkeys' Is Being Sued by His Very Own Company
Vishal Garg, the former chief executive who abruptly dismissed 900 employees during a two-minute virtual meeting, is now facing intense legal action from his former employer. Better Home & Finance has filed a lawsuit against its founder in federal court, accusing the ousted executive of orchestrating a 'scorched-earth campaign' to forcefully regain control of the business. Garg initially captured global attention during the pandemic after a reco…
Remember the CEO who fired 900 people on Zoom? Now the tables have turned · American Wire News
A former Better Home & Finance CEO who laid off nearly 1,000 employees right before Christmas 2021 is now upset that he too has been axed. Former Better Home & Finance CEO Vishal Garg told CNN that he was fired on Aug. 3 when the board voted to replace him with Daniel Lewis. The termination came about five years after Garg laid off 900 people in an online conference call just days prior to Christmas 2021. “If you’re on this call, you are part of…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
