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The tech CEO who fired 900 employees more than Zoom — prompting a enormous backlash and an internal reshuffling — has been sued by a former executive who alleges that he frequently duped buyers ahead of and after the controversy.

Sarah Pierce, an govt vice president at Superior.com till February, submitted the lawsuit in the U.S. District Court in the Southern District of New York Tuesday alleging that the online mortgage lender’s CEO Vishal Garg repeatedly manufactured “misleading statements … regarding the company’s financial prospective buyers and efficiency” and retaliated from her when she introduced her considerations to other executives.

Among the the missteps Garg allegedly designed, according to the lawsuit: He reportedly “misstated and exaggerated the Company’s ‘organic targeted traffic profits,’” “ignored interior projections” for Better.com’s profitability and defamed workers all through the viral incident, declaring that laid-off workers have been “stealing” from the organization.

For a speedy refresher of that fiasco, Garg laid off 900 — nearly 9% —  of the Better.com employees on a Zoom simply call, then proceeded to disparage many of them on Blind, an nameless occupation discussion board. Past stories have also painted Garg as confrontational and threatening he the moment reportedly threatened to staple his previous Improved.com business spouse to a wall and melt away him alive.

Just one of the specially baffling items of the lawsuit: Months right before Garg’s Zoom layoffs, he “directed Pierce and other company executives to hire hundreds of additional personnel” in spite of issues about mounting interest prices and the speedy-shifting marketplace. 

Garg “overruled Pierce,” boasting that the company’s product sales “would enhance because ‘President Biden will die of COVID,’” therefore creating fascination costs to slide and “save the Organization from its worsening money issue.”


Pierce, who, according to the lawsuit, was “the useful equivalent of Chief Running Officer” at Greater.com, elevated these issues with several executives and the company’s counsel shortly soon after the scandal that brought Garg and his organization viral notoriety. She was specifically involved about Garg’s “misinformation” soon after the incident.

But she reportedly faced retaliation for this, the lawsuit alleges. She was put on an “unexplained leave of absence” from the enterprise in early January — and just a week later on, obtained see of a resignation “she did not tender.” Her work was terminated in February, just a month right after her go away of absence, “without reason, severance or added benefits,” the lawsuit alleged. She had been at the organization for almost 6 many years.

A attorney symbolizing Far better.com informed SFGATE in a assertion Wednesday that Pierce’s promises are “without having advantage.”

“The organization is assured in our economical and accounting procedures, and we will vigorously protect this lawsuit,” the corporation attorney mentioned in the assertion.

Garg was reinstated as CEO in January right after using a leave of absence pursuing the viral incident, which led to mass departures of many executives, which includes the firm’s head of communications. Far better.com has offices in Oakland.

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