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 of 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.
The company has now announced about 350 layoffs, mostly in sales. In February, shortly after Sacks replaced founder Parker Conrad as CEO, Zenefits dismissed about 250 employees, or 17% of its workforce.
Under Sacks, Zenefits has moved quickly to fix its business after rapid growth among its ranks led to compliance and operational problems, missed revenue targets, and significant distress for many employees.