More Layoffs At Zenefits Amid Regulatory Challenges And Stalled Sales
The California-based health-benefits broker will terminate 106 employees.
The Wall Street Journal:
Zenefits Lays Off Another 9% of Staff
Zenefits on Tuesday said it is laying off another 9% of its staff, the latest restructuring by the once highflying health-benefits broker that is reeling from regulatory issues and missed sales targets. In an email to staff Tuesday morning, Chief Executive David Sacks said Zenefits would let go 106 employees. That figure includes 61 people in the company’s Arizona sales office, which is being shut down, and 45 others, mostly from the company’s operations team. (Winkler, 6/14)