Another 'tech unicorn' falls short of aggressive revenue targets

Human-resources startup Zenefits is falling short of its aggressive revenue targets.

This makes it the latest in a line of highly-valued venture-backed companies struggling to meet investor expectations, according to a report in the Wall Street Journal.

Since late summer Zenefits has frozen hiring in certain departments, cut pay and implemented a round of firings.

Zenefits has said it aims to reach $100 million in expected annual revenue, based on its number of ...