Billion-dollar startup Zenefits fires 45% of its staff
In order to cut costs, US-based billion-dollar startup that makes human resource software, Zenefits is firing 45% of its staff, affecting 430 employees. The job cuts are the third round of staff reductions for Zenefits in the past year. Zenefits hired too many employees in 2015 to sustain our revenue projections, said CEO Jay Fulcher in a memo to employees. 