DocuSign, a major electronic signature company, lays off approximately 440 people, or 6% of its employees.

DocuSign, an electronic signature service used in more than 180 countries and regions around the world, has announced that it will be laying off approximately 440 people, equivalent to 6% of its total workforce.

DocuSign Announces Restructuring Plan to Support Multi-Year Growth as Independent Public Company

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

private equity funds Bain Capital and Hellman & Friedman were competing to acquire DocuSign, and the stock price soared. They say they are unable to come to terms and are at an impasse.

DocuSign's deal talks with Bain, Hellman & Friedman stall-sources | Reuters

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