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Zenefits confirms 250 layoffs, 17% of company workforce

132 pointsby stygiansonicabout 9 years ago

10 comments

braythwaytabout 9 years ago
<p><pre><code> &gt; Human resources and insurance software startup Zenefits &gt; has announced that 250 employees are being made redundant, &gt; representing 17 percent of the company’s workforce. </code></pre> Before &quot;being made redundant&#x27; became empty buzzspeak, it had a very specific meaning: When things are restructured in such a way that two people end up doing the same job, one becomes redundant. For example, if you have an in-house recruiting team, and you become aqui-hired by BigCo, they may decide that all recruiting will be handled by their existing team, and your recruiting team becomes redundant.<p>Notice that the job to be done is still there, it&#x27;s just that the company has more people doing it than necessary.<p>But in this case, the company is laying off a lot of its sales force and recruiting team while mumbling further content-free buzzwords about refocusing its strategy. Meaning, they aren&#x27;t growing any more, so they won&#x27;t be selling as much or recruiting as much.<p>The job to be done is no longer there. Therefore, those aren&#x27;t redundancies, those are layoffs, pure and simple.<p>The distinction is important, because &quot;redundancies&quot; can arise as you grow (e.g. acquiring), but &quot;layoffs&quot; imply that the engine is sputtering. Eliminating redundancies is a matter of optimization. Laying people off is a matter of scaling back your ambitions.<p>The company is obviously trying to spin this, and VentureBeat is regurgitating their press release word-for-word without any editorial oversight whatsoever.
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tarr11about 9 years ago
We are using zenefits and gusto right now.<p>Gusto is pushing to switch for benefits management, but it&#x27;s a bunch of work.<p>I feel a little gross about staying with zenefits after hearing about their company, but it&#x27;s mostly free and seems to work.<p>They are also offering some other services like 401k, shift management and stock options planning.<p>I&#x27;m sure at some point I&#x27;ll consolidate on one of these platforms, but right now they don&#x27;t seem stable.
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kylestlbabout 9 years ago
Layoffs are never fun... sad :(<p>For the more biz-minded commenters out there: does laying off sales + recruiting signal a specific scenario (other than the obvious recent legal woes)? Rather than laying off engineers?
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justinzollarsabout 9 years ago
Sad news. Sorry if you were affected by this.
stygiansonicabout 9 years ago
From the CEO: &quot;<i>These changes are almost entirely in the Sales organization, with about a dozen employees in Recruiting.</i>&quot;
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jtouriabout 9 years ago
This is too bad, I feel sorry for the company in a way. This was a company I kept up with because it was fun seeing their growth. I didn&#x27;t see the negative side of the culture until after Conrad stepped down and all hell broke loose.
timrpetersonabout 9 years ago
How does a company, especially a nascent one like Zeenfits, survive in a space when they&#x27;ve suffered this type of hit? An industry all about trust and conservatism and a company playing fast and loose with the rules? Can it work out?
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brightballabout 9 years ago
I wonder if that has anything to do with the success of Benefit Focus?
erichurkmanabout 9 years ago
If any of the layoffs were in the engineering groups, drop me a line.
eldavidoabout 9 years ago
It irritates me that engineers never get laid off.<p>This means companies still view their engineering workforces as &quot;scarce&quot; and hard to get, because they aren&#x27;t paying market wages. Why is it only sales that gets the ax?
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