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DocuSign To Layoff 10% Of Staff

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DocuSign is cutting about 10% of its workforce in its second round of layoffs in five months.

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The company has seen slower growth in 2022 after a pandemic boom.

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DocuSign announced a 9% job reduction in September.

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The company's stock price rose by 200% in 2020 but fell by nearly a third in 2021 and by 64% last year.

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DocuSign expects to take charges of $25 million to $35 million on the restructuring plan.

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The majority of the charges will be incurred in the quarter ending April 30.

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As of Jan. 31, 2022, the company had 7,461 employees, according to a regulatory filing.

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DocuSign is a digital document signature product provider.

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The company is a pandemic darling.

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This announcement comes as DocuSign is trying to adjust its business to post-pandemic conditions.

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