Beleaguered Zenefits Rolls Out Update To Platform
The startup struggled last year after being fined by the state for allowing unlicensed employees to sell health insurance.
San Francisco Business Times:
Zenefits Scores Lyft, Box As Partners Despite Terrible 2016
HR startup Zenefits today released an update to its platform, adding nine partners and several features as it tries to come back from a disastrous 2016. Last year, Zenefits paid millions of dollars in settlement fines after violating state laws by allowing unlicensed employees to sell health insurance. The biggest fine came out of a settlement with the California Department of Insurance at $7 million. It also parted company with its original CEO and co-founder, Parker Conrad. The company is now seeking its third CEO. David Sacks, who replaced Conrad early last year, said in December he would step down and was reportedly joining tech investor Peter Thiel’s transition team for then-President-elect Donald Trump. Sacks will stay on as chairman when his replacement takes over. (Siu, 1/31)