Zenefits CEO David Sacks to step dow

Zenefits, a once high-flying human resources software startup that defined Silicon Valley’s recent technology boom, has been trying to recover its footing after being rocked by scandal over its business practices earlier this year.

[...] David Sacks, the chief executive officer of Zenefits and the tech veteran who was charged with rejuvenating the embattled company, plans to leave his position.

Last week, the Information reported that Sacks was considering stepping aside as chief executive officer and the Wall Street Journal said that Sacks is expected to join Trump’s transition team.

Conrad was ousted from Zenefits this year after BuzzFeed News discovered that the company had allowed unlicensed brokers to sell health insurance to customers, and that some employees in the company had used a software program to game state insurance licensing tests.



[...] Sacks, who was also an early investor in Zenefits, has been trying to turn the company around.