Zenefits, a San Francisco health insurance start-up facing regulatory scrutiny, plans to lay off 250 people starting Friday, David Sacks, the chief executive, says.
The cuts will mostly affect the company’s sales teams and represent about 17 percent of employees.
“This reduction enables us to refocus our strategy, rebuild in line with our new company values and grow in a controlled way that will be strategic for our business and beneficial for our customers,” Mr. Sacks said in a statement.
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