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DocuSign to lay off 6% of workforce
Posted on 2/6/24 at 12:19 pm
Posted on 2/6/24 at 12:19 pm
More tech and tech adjacent layoffs.
LINK
quote:
DocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan that aims to improve the company’s “financial and operational efficiency,” according to a release.
The online signature provider said the majority of the employees impacted by the layoffs will be within its sales and marketing organizations. DocuSign employs 7,336 workers, according to its most recent filing with the U.S. Securities and Exchange Commission, which means the cuts will affect around 440 jobs.
Shares of DocuSign tumbled more than 6% Tuesday morning.
DocuSign said the restructuring plan will be largely complete by the end of its second fiscal quarter of 2025, according to the release. The company added that it expects to “meet or exceed” its fourth-quarter and fiscal-2024 guidance that it outlined in a release in December.
The company said it will share more details about the restructuring when its fourth-quarter results are released.
LINK
12
Posted on 2/6/24 at 12:20 pm to member12
Impossible!
The news says the economy is strong.
The news says the economy is strong.
Posted on 2/6/24 at 12:21 pm to member12
Bidenomics
Posted on 2/6/24 at 12:23 pm to member12
I would laugh if they received the termination and severance through docusign.
Posted on 2/6/24 at 12:35 pm to member12
bUt ThE lAbOr MaRkEt Is StRoNg
Posted on 2/6/24 at 12:40 pm to member12
I'm trying to figure out why docusign needs 7300 people working for them. I mean the program is written. I would think 100 people tops doing server and admin work would be plenty for a virtual signature. What else is there to do since the app does the work?
Posted on 2/6/24 at 12:54 pm to member12
In other news, we added 400,000 jobs last month. 
Posted on 2/6/24 at 2:22 pm to member12
quote:
Shares of DocuSign tumbled more than 6% Tuesday morning.
quote:
DocuSign to lay off 6% of workforce
Posted on 2/6/24 at 2:25 pm to member12
So learning to code... is... not helping?
Posted on 2/6/24 at 2:28 pm to member12
My company doesn't even allow docusign. We have to download the document, have it physically signed, scanned and mailed back. They feel like it's more secure.
Don't ask.
Just saying that it's not terribly surprising that a company you really don't even need is laying off people when they have such a large workforce. Plus, Adobe offers a comparable solution that's likely already included in most company's Adobe license.
Don't ask.
Just saying that it's not terribly surprising that a company you really don't even need is laying off people when they have such a large workforce. Plus, Adobe offers a comparable solution that's likely already included in most company's Adobe license.
Posted on 2/6/24 at 2:47 pm to member12
The age of AI is kicking in…
Posted on 2/6/24 at 4:23 pm to member12
We looked at docusign for our website, bit felt the prices were high, so we created our own document signature app with acrobat.
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