Zenefits to lay off 17 percent of its staff

Zenefits, a San Francisco-based health insurance broker startup that has been facing regulatory scrutiny, says it will lay off about 17 percent of its workforce, The New York Times reports. The cuts, which will mostly affect Zenefits' sales force, will enable the startup to refocus its strategy and "grow in a controlled way that will be strategic for our business and beneficial for our customers," according to a company representative. Zenefits' CEO stepped down earlier in February in the wake of investigative reports that revealed it failed to secure the necessary licenses to sell insurance in various states, FierceHealthPayer has reported. Article