Another 'tech unicorn' falls short of aggressive revenue targets
Human resources start-up Zenefits struggles to meet investor expectations
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.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures