DocuSign To Lay Off 10% of Its Workforce

E-signature software company DocuSign on Thursday announced plans to cut around 10% of its workforce. CNBC reports: DocuSign had 7,461 employees in January 2022 before it announced an earlier round of layoffs last September that impacted 9% of its workforce. The company said the latest cuts will impact about 700 employees. DocuSign said it is cutting employees in order to support the company's growth, scale and profitability objectives. It will take an impairment charge of approximately $25 million to $35 million, primarily in the first quarter of fiscal 2024, as a result of the layoffs. The restructuring plan will likely be complete by the end of the second quarter, the company said.

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