Zenefits makes more cuts; Twitter Selfies; Dropbox profitable*

Zenefits, the online HR platform that ousted its founding CEO recently as a part of a regulatory investigation regarding insurance sales (where the company makes its money), has announced more layoffs, an additional 9% of the company’s workforce, around 100 people. 250 were cut in February, as part of a revamp of sales and operations, following David Sacks — the former CEO of Yammer — assuming the helm as CEO. The company was valued at $4.5 billion in a raise of capital last year, and has disrupted the market for HR tools. Sacks has also jumped on the Zappos’ model of offering money for employees to leave in this reduction of force, he calls this ‘the Offer’. Sacks say he is making a new version of Zenefits: Z2. He spoke with William Alden of Buzzfeed, saying

The company isn’t making The Offer because we don’t want you. We do want you, but we want the best of you.


Twitter now allows self-retweeting, or what I want to call Twitter selfies:
Screen Shot 2016-06-15 at 10.38.00 AM


Dropbox CEO Drew Houston says that the company has achieved a milestone that investors will like: the company is free cash flow positive, meaning operating cash minus capital expenditures. This will set the stage for an easier IPO, which is anticipated.

5 questions for Tony Hsieh and the Downtown Project

News this week of layoffs at Tony Hsieh’s much-ballyhooed Downtown Project led to lots of questions about the visionary effort’s future. A lot has been written by the press and Hsieh himself about the situation, but some questions still need to be answered.

Amazon enjoys big etail lead as Cyber Monday hits

New Deepfield analysis out just after Black Friday and in time for Cyber Monday shows (spoiler alert!) Amazon is by far the most popular online retail site. But there are some surprises as well.

Zappos taps Pinterest to boost sales, but its efforts fail

In a move to boost sales through social recommendations, online shoe and clothing retailer Zappos, which is owned by Amazon, has added a new feature called “PinPointing” that offers recommendations based on Pinterest accounts. Unfortunately, the feature doesn’t work very well yet.

Pharmaceutical giant goes deskless

New ways of working demand new workspaces, a fact that pharmaceutical giant GlaxoSmithKline clearly understands. It’s building its second deskless office in Philadelphia, replacing cubes with fluid spaces, laptops and personal lockers, and saving money and speeding decision making as a result.

Tony Hsieh outlines Zappos’ plans for the office of the future

The online shoe retailer has big plans for its new downtown Las Vegas digs, CEO Tony Hsieh recently explained at Venture For America’s Summer Celebration, where he laid out his vision of the community-focused, creativity-inspiring future of the office.