DocuSign To Lay Off 6% of Workforce, or About 440 Jobs

DocuSign will cut 6% of its workforce, it said Tuesday, as part of a restructuring plan that aims to improve the company's 'financial and operational efficiency.' CNBC: 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. 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.

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