The CEO who laid off 900 employees before Christmas is outraged that he has now been fired in turn.

Vishal Garg, the CEO of the fintech company Better, was fired on August 3, being replaced by Daniel Lewis, a hedge fund manager who joined the Board of Directors a week earlier.

Garg became known in 2021 when he fired 900 employees during a Zoom call, generating negative backlash. Now, he claims he was deceived by Lewis, who praised the company's strategy to gain the Board's trust. Better's sales have drastically decreased, from $1.5 billion in 2021 to $70 million in 2023, but Garg asserts that the firm is on track to reach $200 million this year.

He sent a letter to the Board requesting reinstatement and hired a lawyer. The new CEO filed a complaint, accusing Garg of violating federal securities laws. Garg has also been criticized for his comments about the laid-off employees, whom he accused of "stealing" from the company's funds.