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Zenefits is dismissing 250 employees, or roughly 17% of its workforce, in a major retrenchment for a health-benefits-brokerage company that less than a year ago was touted as one of Silicon Valley’s most promising startups. The cutbacks were concentrated in sales, the company said. Zenefits eliminated a team responsible for selling health-insurance policies to corporate customers and narrow its focus to small businesses, which it sees as a more natural fit. (Winkler, 2/26)

Zenefits, a San Francisco health insurance start-up facing regulatory scrutiny, plans to lay off 250 people starting Friday, David Sacks, the chief executive, says. The cuts will mostly affect the company’s sales teams and represent about 17 percent of employees. (Benner, 2/26)