The outlet reported that Garg has met “more regularly” with an executive coach over the last several months in a bid to improve his leadership skills – and avoid the type of incidents that led him to become an Internet pariah last December.
“I would regularly tell my team that I think I’m the right founder for this company,” Garg told the outlet. “I think I’m the right leader for this company. But do I know how to be the CEO of a 10,000-person company?”
Garg also admitted his inexperience as a manager during the interview.
“To be absolutely blunt, I’d never managed more than 10 people in my life,” Garg added.
Garg went viral last December after footage of the now-infamous Zoom layoffs circulated on social media platforms. Aside from abruptly laying off 900 employees, Garg accused at least 250 of the fired workers of “stealing” from the company through lack of productivity.
The Better.com boss took a leave of absence after his layoffs sparked a near-universal public backlash. But he returned as CEO just weeks later, with Better’s board of directors asserting that he had taken the time away to “reflect on his leadership.” The board’s memo also noted he would “work closely with an executive coach.”
Garg apologized in the immediate aftermath of his remarks and reiterated during the interview that he had mishandled the situation.
“Obviously, I blundered the execution of some of the downsizing,” Garg told Insider, adding that he has a “penchant for putting my foot in my mouth.”
In the interview with Insider, Garg noted that he did not make any remarks in companywide meetings for months after he returned from his leave of absence.
Garg also referred to Better as his “life’s work” and was adamant he is the right person to run the company as it contends with a major housing correction — driven by a surge in mortgage rates that has sapped demand among homebuyers.
Better has experienced more hiccups since Garg returned to the C-suite.
Insider said that Garg seemingly “alluded to Pierce’s lawsuit” during his interview and described the allegations as “baseless.”
The Post has reached out to Better.com for comment on the interview.
Source: New York Post