CEO who fired 900 employees on Zoom is fired himself. Now he wants his job back

Vishal Garg, the CEO of Better Homes & Finance, has been removed from his position and replaced by Daniel Lewis, an investor with experience in investment fund management. Lewis joined the company's board just a week prior to Garg's dismissal on August 3. Garg alleges that Lewis misled him to secure a board seat and subsequently convinced other members to vote for his removal.

Garg is contesting the decision, having hired a lawyer and demanding to be reinstated as CEO. He has offered to lead the company for a symbolic salary of one dollar per year until it becomes profitable. This move comes after the company's stock price plummeted by 45% following the leadership change, despite Garg's claims that the business was nearing profitability.

Vishal Garg became widely known in 2021 after a mass firing of approximately 900 employees during a single Zoom meeting. The videoconference, which occurred shortly before the winter holidays, sparked a wave of criticism due to the impersonal and abrupt manner of the dismissals. A recording of the meeting circulated online, making it a prominent example of remote workforce termination.

Five years later, Garg finds himself in a reversed situation, challenging the circumstances of his own departure and seeking to reclaim his leadership role at Better Homes & Finance. The company's stock performance and Garg's aggressive stance highlight the ongoing turmoil following his ousting.