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Better.com CEO Vishal Garg Said to Be Taking Time Off With Immediate Effect After Zoom Call Firing Fiasco

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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.

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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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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.

The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.

A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.

Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.

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It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.

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