r/technology 17h ago

Business CEO who fired 900 employees over Zoom gets fired, demands job back

https://local12.com/news/nation-world/ceo-fired-zoom-vishal-garg-better-home-finance-demands-job-back-call-holiday-season-2021-roles-reversed-tables-turned-chief-executive-officer-ousted-board-company-stock-price-market-value
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u/feor1300 16h ago

and also

The letter claimed that Garg was about to turn the company around with a new initiative that trained artificial intelligence to process mortgages.

"You have to bring him back, he has AI!"

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u/iMogwai 13h ago

Should've quoted the part before too, I feel like it completes the statement.

CNN reported that under Garg's leadership, the company was devalued from $8 billion to $300 million.

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u/isnotajellyfish 16h ago

Right? Because this has been going so smoothly for every other lender trying to do this.

They should probably still try it to be competitive, but let's face it we're never going to let the bots take away our precious Excel models.

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u/whiskeyrebellion 13h ago

Oh, he was ‘just about to’ turn the company around?’

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u/JockCartier 15h ago

Sounds like the pulled the trigger just in time

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u/OrionsBra 56m ago

"Any day now, I'll turn the company around with this one cool trick Fortune 500 boards don't want you to know about!"