A rising variety of high executives are fleeing from on-line mortgage lender Higher.com, weeks after its boss fired hundreds of workers over Zoom in a high-profile meltdown.
The newest to leap ship embrace Sarah Pierce, Higher’s government vp of buyer expertise, gross sales and operations, and Emanuel Santa-Donato, the corporate’s vp of capital markets and development.
The precise causes for his or her departures couldn’t instantly be discovered, however TechCrunch reported there was “a whole lot of stress” between Pierce and Better.com CEO Vishal Garg following the notorious incident during which he laid off 900 workers on a digital name — a lot of whom reported to Pierce.
Higher.com representatives didn’t instantly reply to a request for remark. Pierce and Santa-Donato couldn’t instantly be reached.
The newest upheaval got here after The Post reported that two of Higher’s board members, Raj Date and Dinesh Chopra, have resigned from their posts in latest weeks. In an inner memo, firm executives didn’t say why the board members left, however claimed they “didn’t resign due to any disagreement with Higher.”
Several other Better.com executives additionally departed the corporate in December, shortly after the Zoom name went viral. The mass exodus included Higher’s vp of communications Patrick Lenihan, head of public relations Tanya Gillogley and advertising and marketing chief Melanie Hahn.
Garg took a go away of absence following a wave of unhealthy publicity concerning his conduct on the Zoom name. Clips of Garg’s remarks went viral on social media platforms.
Other than the mass firing of 900 workers, Garg accused at the very least 250 workers of successfully “stealing” from Higher as a result of their lack of productiveness.
Garg later apologized for his dealing with of the state of affairs.
“I failed to indicate the suitable quantity of respect and appreciation for the people who had been affected and for his or her contributions to Higher,” Garg mentioned in a message to workers. “I personal the choice to do the layoffs, however in speaking it I blundered the execution. In doing so, I embarrassed you.”
In a January memo obtained by The Submit, Higher.com workers had been knowledgeable that Garg can be “resuming his full-time duties as CEO.” The corporate’s board of administrators mentioned it met with Garg “a number of occasions” throughout his go away of absence earlier than they permitted his return.
“We’re assured in Vishal and within the modifications he’s dedicated to creating to supply the kind of management, focus and imaginative and prescient that Higher wants at this pivotal time,” the board added.