zenefits' cofounder.ounced job cuts to reduce costs in the wake of scrutiny and management shakeups. this week we go to the makers conference. a well ceo tim armstrong announced a goal to have women represent 50% of the organization leadership by 2020. he is targeting equal pay in the same timeframe. aol joins a push by corporate america to make it the top ranks reflect the population. tim: this journey started six years ago when we cofounded with dyllan mcgee. we wanted to not just be an investor on the media side of makers, the largest catalog online of women's leadership stories. we wanted to lead as a company in the space. we have been meeting with our executives, up-and-coming women executives, and the one thing we could do as a company that would send a message and be the company also, they said, could we get to 50-50 gender diversity at the top of the company? we discussed it and made a commitment to it. we are in the process, we started a couple months ago, we are getting the company reestablished

some of the big names are paychecks, for example, gusto, zenefits, namely, bamboo, a few really greatt there. they save a lot of time because your employees can do data entry themselves. they help with onboarding and offboarding and managing vacation time. . managing sick pay. reminding you when you do performance evaluations. hr platform, hr software, it's becoming an essential type of platform for businesses as long as you've got more than five people in your company. >> it feels when you are small that maybe you don't want to spend the money on it. but when you do the math of how much time you are spending on silly things like recording people's vacation time. that they could be putting in themselves. for most kotds it works out. >> getting reminders of performance reviews is an enormous thing. i thought people would resist putting their personnel or employees information in the cloud with these things. that hasn't been the case, people have been migrating to it. >> great tips. when we come back, we know this is top of mind for many of you. how do you manage your health care costs?

all episodes of bloomberg technology --"bloomberg technology" "bloomberg daybreak" -- ♪ the zenefitsr. -- david sacks announced in december he would be stepping down as chief executive, his tenure lasted less than one year after taking the reins from parker conrad. while cutting 45% of the workforce. inning to reduce costs in the point of regulatory scrutiny and management shakeup. life from palos verdes california -- palos verdes, california. tim armstrong announced the goal to have women represent 50% of the organization leadership by 2020. he is targeting equal pay in the same timeframe. a well joins a push by corporate america to make them reflect the population. they caught up with tim armstrong. im: this journey started six years ago when we cofounded the dylan miggy. a first real investment in the 4500 women stories on makers, the largest catalog online. we also want a leader of the company. we are doing immediate -- meeting with our executives and they asked us, is the one thing we can do as a company that would send a message and be great for the company? they said could be

. ♪ caroline: in the latest tech revolving door, zenefits is cutting 45% of its workforce as its new to cut costs in the wake of a management shakeup. the 430 job cuts are the third round for the human resources software maker in the past yea investigations found some employeesr. sold life insurance -- health insurance without a license. softbank hoping to close its first run of investment in his plant $100 billion investment fund or the fund will give masayoshi son a huge war chest to go hunting for deal. includes 45 billion from saudi arabia, $25 billion billiontbank and $1 from apple, qualcomm and larry ellison. our managing editor, peter alstom joins us live from tokyo. here in san francisco is tim -- and peter, let's go to you first about this fund raise. how much are they going to eventually have clocked up? the full $100 billion? peter: the target is $100 billion. this is the amount that masayoshi son announced in february. now they are moving to that. it looks like they are going to close the first round of fund raising around the end of this month. what sources told us is th

. ♪ ♪ caroline: a revolving door in tech, a new ceo at zenefits.of the embattled startup since 2016. david sacks announced he would be stepping down as chief executive. his tenure lasted less than the year after taking over from parker conrad. while cutting 45% of the workforce, the new ceo announced job cuts aiming to reduce cost in the wake of regulatory scrutiny and management shakeup. this week, we were live from palos verdes, california, where makers kicked off its women's conference. at the event aol ceo tim , armstrong announced a goal to have women represent 50% of the organizations leadership by 2020. he is also targeting equal pay in the same timeframe. aol joins a push by corporate america to make top ranks of executive more accurately reflect the population. we caught up with tim armstrong. tim >> this journey started six : years ago when we cofounded dylan mcgee, makers as a brand. we want to not just be an investor in the media side of makers and the 4500 stories, but -- it is the largest catalog online we also want to lead as a , com

zenefits had massive hr problems of its own.itself what it was selling itself to do for others. >> thank you, guys. vivek and kurt, great to have you. >> we need "power lunch" in san francisco, don't you think? >> sure. >> tomorrow. not. >>> copper and diamonds. coming up. the good, the bad and the ugly. >>> first, where do millionaires want to live? which nations they are heading to and which ones they are fleeing. we are following the money next on "power lunch." with the help of the lowest taxes in decades, a talented workforce, with the help of the lowest and world-class innovations. like in pltsburgh, ere the most advanced transportation is already en route. and in corning, ere the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov >>> welcome back. time now for the good, the bad and the ugly. first to the good. tiffany's stock is up after reaching an agreement with a partner to appoint three new directors to the company's board. higher by 2.5%. on to the bad, freeport macmoran had a gov