Customer ChurnRisks include macro weighing on SMB sentiment and reducing hiring plans, healthcare cost acceleration, and price increases driving customer churn.
Economic UncertaintyMacro economic uncertainty and an increase in medical care utilization has created headwinds for TriNet on the worksite employee and insurance cost front.
Sector ExposureHeavy exposure to Tech, Life Sciences and Financial Services has weighed on growth post Covid following tech layoffs and venture funding slowdowns.