Better Home & Finance Holding removes its CEO, Vishal Garg, from the position. The company says it decided to oust him due to concerns about his judgment and credibility, pointing to significant financial setbacks during his tenure and declining stock performance. The board’s action follows prior internal and public controversy around how leadership handled major cost-cutting measures.
In 2021, Garg faced backlash after sacking about 900 employees in a mass layoff conducted via a Zoom call. Five years later, the removal itself is reported as intensifying broader disputes over governance and control, including board structure. Some reporting also notes that Garg is seeking to regain his role, and he has offered to work for a nominal amount. The company’s market value is described as having fallen substantially from its pandemic-era peak, placing the leadership shake-up in the context of wider business performance pressures.
