Technology
Better.com CEO Vishal Garg Said to Be Taking Time Off With Immediate Effect After Zoom Call Firing Fiasco
Better.com CEO Vishal Garg is on vacation, effective immediately, and Vice quoted an email report from the digital mortgage company’s board of directors on Friday.
Earlier this week, after a video of him firing 900 people through a Zoom phone went viral on social media, Gag apologized for the way he handled the layoffs of the mortgage company.
Chief Financial Officer Kevin Ryan will manage the company’s daily decision-making and report to the board of directors, Vice quoted an email report as saying. Better.com’s board of directors also hired an independent third-party company to lead and report on the cultural assessment.
Better.com did not immediately respond to Reuters’ request for comment.
Garg came under fire after the SoftBank-backed company took action. Earlier this week, he stated that he had “implemented it by mistake” in communicating the layoffs. The CEO cited market, performance, and productivity as the reasons behind the decision to shut down employees in the United States and India.
Better.com was founded in 2016 and is headquartered in New York, providing mortgage and insurance products to homeowners through its online platform.
The company said in May that it would go public through a merger with blank cheque company Aurora Acquisition, which valued it at US$7.7 billion (approximately Rs 58,347 crore).
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.jpg "SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad")
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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