Gevity layoffs 50 including CEO, CFO Garry J. Welsh, chief financial officer; James E. Hardee, chief sales and marketing officer; Paul Benz, the chief information officer; and Edwin E. Hightower Jr., chief legal officer.
In January, Gevity cut 75 employees in a move aimed at saving the company $19 million.
Gevity lost $3.7 million in the first quarter, largely because of a 10.5 percent drop in the average number of client employees paid and a lower gross profit per client. The company also had $3.4 million in merger-related expenses and cost-alignment charges.
The company ended the quarter with 94,379 client employees, down from 101,014 at the end of 2008 and down 11.6 percent from a year ago.
Gevity reported an 8.4 percent decrease in salaries, wages and commissions because of its layoffs.
The merger with TriNet will create one of the three largest professional employer organizations in the industry. PEOs generally provide payroll administration, workers' compensation insurance and benefits administration to clients and their employees.
TriNet CEO Burton M. Goldfield has put together a 50-member management integration team, divided fairly evenly between employees from both companies, Garcia said. Gevity will become a wholly owned subsidiary of TriNet.
Goldfield has said he plans to keep the Lakewood Ranch operation open as TriNet's east coast headquarters.
In a May 20 memo to employees, Goldfield said that he is committed to building "an enduring company."
"We envision a growth-focused powerhouse company that will provide best-in-class services with a unique business model," he wrote.
The company launched a weekly newsletter -- the "Golden Gator" -- aimed at keeping employees informed about the merger and to answer their questions.