Then, everything went south; regulators started investigating the company, and its CEO Parker Conrad was fired from the company earlier this year. Now the company is looking forward to the launch of its next version of Zenefits, due out next month. As a result of that, the company has faced scrutiny by state agencies and has begun aggressively self-reporting the issues to state officials. Sacks said that he, as well as many other executives, were not aware of the macro after thorough investigation that even drilled into emails.
He said after joining as chief operating officer in December , he did not have a number of divisions reporting to him, and was as unaware of the problem as investors were.
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