The Zoom Link of Karma Finally Connected.
Two weeks ago, Vishal Garg — the CEO of Better Home & Finance who fired 900 employees on a three-minute Zoom call six days before Christmas 2021 — was removed from his own company by a hedge fund manager he’d personally invited onto the board one week earlier.
Let the record show: the man who invented the mass-execution Zoom call got executed by his own guest list. Narrator: it did not, in fact, work out. 🐊
📉 The setup was almost too perfect. Garg handpicked hedge fund manager Daniel Lewis for a board seat. Seven days later, Lewis was named interim CEO after the rest of the board — citing concerns about Garg’s “judgment, temperament and credibility” — voted unanimously to remove him. The man who built his leadership philosophy on surprise-firing 900 people via webcam got surprise-fired via boardroom. Stepped on his own rake.
💸 Better’s valuation: ~$8 billion at its 2021 SPAC-era peak. Today: roughly $300 million. A collapse of more than 90%. Garg’s response to being shown the door? He’s now fighting to get back in — offering to take $1 a year in salary until the company is profitable, backed by declarations from shareholders he says hold a majority of the voting power. The man who told 900 families their Christmas was cancelled is bidding for his old desk at a 99.99% discount.
🎤 The receipts. December 2021, mass Zoom call, Garg’s exact words: “If you’re on this call, you are part of the unlucky group that is being laid off. Your employment here is terminated, effective immediately.” Three minutes. Nine hundred people.
Now Vishal is the unlucky group. Now Vishal’s employment is terminated. Now Vishal is offering to work for a dollar.
The man who fired by Zoom, fired by board. The man who gave three minutes’ notice, given one week’s notice. Womp womp. 🤡