“If you’re on this conversation, you’re part of the unfortunate group being laid off,” Garg said at the December 1 webinar. “Your employment here has ended, with immediate effect,” he told them.
Garg’s leave is also applicable immediately, according to a Friday email from the company’s board. The day-to-day operations will be taken over by the company’s CFO, Kevin Ryan. Better.com added that it is hiring a third-party company to conduct a “leadership and culture assessment”, whose recommendations “will be taken into account to build a long-term sustainable and positive culture at Better.”
CNN Business has looked at the email and has asked Better.com for comment.
“The recommendations from this assessment will be taken into account in order to build a long-term sustainable and positive culture at Better,” the email states.