Zenefits Was the Perfect Startup. Then It Self-Disrupted
Bloomberg reveals the story of what happened when an HR firm had some epic HR problems. In this case, it’s the story of Zenefits – a company that makes online software that automates health insurance, payroll, and other essential office drudgery. Zenefits launched in April 2013 through startup incubator Y Combinator and subsequently expanded from fewer than 20 people to roughly 500. But amidst the growth, existed a simultaneous looming fear, “a low-level panic that suffuses the organization.” Sooner than later, Zenefits ran into snags…
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