Indian-origin Vishal Garg’s Better.com lays off real estate team

The embattled online mortgage lender Better.com, run by controversial Indian-origin CEO Vishal Garg, has reportedly laid off its real estate team and has shut down this unit.

The company is said to be shifting from an in-house agent model to a partnership agent model, reports TechCrunch.

The report cited an impacted employee as saying that they received “little to no severance, after getting a more than 50 percent salary cut in November in order to ‘ensure’ our jobs to come”.

It was, however, not clear how many employees were affected by the latest job cuts.

In December 2021, Garg laid off nearly 900 employees over a Zoom call that created a furore.