better.com CEO Vishal Garg takes break after mass layoff over Zoom call

After firing 900 employees over Zoom calls, better.com CEO Vishal Garg is taking time off from the company while it conducts a "leadership and cultural assessment." The employees were informed about Garg's break via email by the board. In his absence, CFO Kevin Ryan will take care of the digital mortgage company. Garg received severe flak on the Internet after a video of him firing 900 people via Zoom call went viral on the internet. However, Garg soon issued an apology for the way in which he handled the mass layoff.

"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," the Board wrote in the email to the employees informing them about Garg's break. The company also revealed that the board is now relying on an independent third-party firm to do leadership and cultural assessment according to sources.