Zenefits CEO David Sacks on his bold bet: Less than 10% of employees accepted ‘The Offer’

Last week, Zenefits CEO David Sacks made one of the more daring turnaround moves in recent Silicon Valley history.

Following several months of turmoil over compliance issues that led to the departure of the company’s founder in February, Sacks made what he called “The Offer.” In essence, any employee hired before February could take a generous buyout offer if they didn’t feel they could get behind his plan to save the company.

The deadline for accepting The Offer was last Thursday. So how’d it go?

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