DocuSign, a major electronic signature company, lays off approximately 440 people, or 6% of its employees.
DocuSign Announces Restructuring Plan to Support Multi-Year Growth as Independent Public Company
https://www.prnewswire.com/news-releases/docusign-announces-restructuring-plan-to-support-multi-year-growth-as-independent-public-company-302054176.html
On February 6, 2024, DocuSign announced a restructuring plan aimed at strengthening and improving its financial and operational efficiencies while continuing to invest in its products and related areas. The company has announced that it will reduce its workforce by %. DocuSign has 7,336 employees, so approximately 440 people will be reorganized.
The restructuring plan will require between $28 million (approximately 4.14 billion yen) and $32 million (approximately 4.74 billion yen) for employee transfers, retirement benefits, welfare costs, and various related expenses. thing.
Most of the costs will be incurred in the first quarter of fiscal 2025, with execution of the restructuring plan expected to be substantially complete by the end of the second quarter.
According to news site CNBC, DocuSign's stock price fell by more than 1% following the announcement.
DocuSign layoffs: company to cut 6% of workforce, or about 440 jobs
Regarding DocuSign, there was a report in January 2024 that
DocuSign's deal talks with Bain, Hellman & Friedman stall-sources | Reuters
https://www.reuters.com/markets/deals/docusigns-deal-talks-with-bain-hellman-friedman-stall-sources-2024-02-05/
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