The CEO who fired 900 people on Zoom just before Christmas wants his job back

The former chief executive of Better Home & Finance Holding Company is attempting to retake his position after being terminated earlier this year. The termination followed a widely reported Zoom call in which he dismissed 900 staff members just before the holiday season, a move that sparked criticism and highlighted his aggressive management style. National Mortgage Professional reported that Better dismissed Vishal Garg after he moved to oust the board, while FF News noted the board’s rejection of his bid to regain control. HousingWire said Garg claims to have secured a voting majority to retake the board, and Business Wire quoted the company’s formal response to his latest attempt.

The Real Deal and New York Post added that the ousted founder is actively plotting a boardroom coup. Despite Garg’s assertions, the Better board has publicly refused his proposal, and the company’s new chief executive is currently on vacation in France, according to the New York Post. These factors introduce uncertainty about Garg’s capacity to translate claimed voting support into actual control. Stakeholders should watch upcoming shareholder meetings where voting rights could shift, as well as any legal filings from either side.

Additional statements from the board or the new CEO may further clarify the timeline for a leadership transition. Investors will also monitor stock price movements for any reaction to the leadership dispute, as reported by market observers.