FEBRUARY 6, 2024 — 6% REDUCTION IN THE WORKFORCE, 480 EMPLOYEES
DocuSign announced a restructuring plan designed to strengthen and support the Company's financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year growth aspirations as an independent public company.
As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 6%, with the majority of impacted positions in the Company's Sales & Marketing organizations. And that the execution of the Restructuring Plan will be substantially complete by the end of the second quarter of fiscal 2025.
FEBRUARY 18, 2023 — 10% REDUCTION IN THE WORKFORCE, ABOUT 700 EMPLOYEES
According to DocuSign's latest Securities and Exchange Commission filing, “On February 16, 2023, DocuSign announced a restructuring plan that is designed to support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 10%, primarily in the Company’s worldwide field organization.”
OCTOBER 10, 2022 — Original post…
San Francisco, California-based DocuSign, a technology company providing a cloud-based platform to facilitate electronic signatures, has announced a major restructuring, including a new Chief Executive Officer, with the initiative largely complete by the end of the fiscal year 2023.
The restructuring will impact 9% of the company's workforce, an estimated 670 employees.
According to DocuSign's latest Securities and Exchange Commission filing, "On September 26, 2022, the Board of Directors of DocuSign, Inc authorized a restructuring that is designed to improve operating margin and support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce the current workforce by approximately 9%."
Like many companies that experienced rapid growth due to the impacts of the COVID pandemic and the necessity to curb travel and exposure to outside individuals, there will be a period of realignment to match personnel with the current slowing economy.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?