AM I NEXT? NO LOVE AT DOCUSIGN (02/06/24)

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?

AM I NEXT? NO LOVE AT LIVEPERSON

New York, New York-based LivePerson, a technology platform offering customer engagement solutions using artificial intelligence-driven automated messaging and voice-enabled applications, has announced a strategic reorganization leading to a reduction in force.

The reduction in force will impact 193 employees or approximately 11% of the workforce.

CEO, Robert LoCascio, noted "Yesterday, we announced a strategic reorganization to realign the business to better serve customers and ensure Live Person’s long-term financial success. Approximately, 193 people out of our 1,687 were let go and I know for those people, and the 1,400 people that are here today, this has a significant and emotional impact. There were two other times over our 26 years that we had to restructure the company, once during the dotcom and then when we made a pivot from being a chat company to messaging/AI, and each time we became a stronger and better company. This restructuring will mean different things for different people, but the main goal is to ensure that the 'whole' of the company continues the pursuit of its long-term vision.

"This restructuring was critical to ensure that we are in a healthy position as we now have a clear line of sight to generating strong operating margins and cash flow. Live Person got here because, for over twenty years, we generated cash flow and had a healthy business model. At the end of 2021, we heavily invested and ramped up our teams with the understanding at that time that the demand we saw during Covid would continue. However, what we are seeing now is more of a return to normal patterns of growth and we are course correcting accordingly."

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?

AM I NEXT? NO LOVE AT INVISION (01/07/24)

JANUARY 7, 2024 — SHUT DOWN

The company has announced that it will be shutting down at the end of 2024. Its core business line was sold to competitor Miro, a competitor building digital whiteboards last year.

InVision Community,

Today I am writing to share that after careful consideration we have made the difficult decision to discontinue InVision’s design collaboration services (including prototypes, DSM, etc) at the end of 2024.

As you may know, our Freehand visual collaboration product was acquired by Miro earlier this fall. Miro has exciting plans for Freehand and will be communicating with Freehand customers directly moving forward.

We recognize the decision to end-of-life our design collaboration services will impact your creative process and workflows. We wanted to share our plans with ample notice so that you can plan accordingly.

In the coming months, the services you know and love will not be changing. For our Enterprise customers, our Sales team will be working with you directly to answer any questions you may have about this transition and direct you to alternative solutions, should they be required.

For our self-serve (non-Enterprise) customers, you will be able to continue using InVision until the end of 2024. However, we have discontinued our annual subscription offerings. Instead, you will be able to use the services on one of our monthly subscription options.

We understand that this announcement may be met with a spectrum of emotions, and we want to assure you that our primary focus is on making this transition as smooth as possible.

On behalf of all InVisioners, I want to convey our appreciation for the trust and support you’ve shown us. Your commitment to InVision has been our heartbeat for the last 12 years and we are genuinely thankful for the privilege of being part of your creative process.

We’re so grateful to all of you who invested time and energy into making InVision the incredible company that it’s grown to be. Together we reimagined how designers collaborate, raised the importance of design thinking, and, in the process, helped revolutionize the design industry.

And so we close this chapter with heartfelt gratitude and with the comfort that the state of the design industry is stronger than ever, leaving the InVision community in good hands. Thank you once again,

Michael Shenkman

CEO, InVisionApp, Inc.

AUGUST 8, 2022 — Original blog…

New York, New York-based InVision, an online whiteboard and productivity visual collaboration platform, has announced a major reduction in force impacting 50% of its workforce, approximately 400 employees.

In a post by Founder Clark Valberg...

"Yesterday was a very difficult day for the incredible team we’ve built at InVision.

In response to challenging market conditions and in support of a continued, multi-month strategy to evolve the business on every level (transitioning beyond our classic business to a focus on real-time collaboration in the broader enterprise), we were forced to say goodbye to many incredibly talented people who made InVision what it is today.

Yesterday my time as InVision’s CEO officially concluded as I handed the operating reins over to Jeff Chow.

To all InVision employees (past and present) – thank you from the bottom of my heart!"

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. 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?