VC-backed Zenefits announces layoffs, other changes

Venture capital-backed Zenefits, a human resources startup based in San Francisco, announced layoffs and other changes in a letter posted on its website. Written by Chief Executive David Sacks, the letter said Zenefits has implemented new licensing controls, expanded its compliance team, and reduced the size of its sales team. Zenefits has raised money from Andreessen Horowitz, TPG GrowthFounders Fund, Khosla VenturesInsight Venture Partner and others.