Zenefits Is Laying Off Roughly 250 Employees

Zenefits is laying off around 17% of its employees, or 250 people, with the layoffs largely concentrated in the company’s sales divisions, according to an email sent by CEO David Sacks to the company. Most of the layoffs are happening in the sales division, according to the email.

“When I became CEO of Zenefits, I promised on Day 1 to reset our culture, refocus our strategy on serving small businesses, and create a new beginning for success in the future,” Sacks wrote. “Today I have to make a very difficult set of decisions about how we do that. In fact, this is the most difficult decision I’ve had to make in my career, but it is necessary for Zenefits to move forward successfully.”

This follows regulatory concerns pertaining to the company — specifically pertaining…

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