-: FOLLOW US :- @theinsaneapp
DocuSign is cutting about 10% of its workforce in its second round of layoffs in five months.
-: FOLLOW US :- @theinsaneapp
The company has seen slower growth in 2022 after a pandemic boom.
-: FOLLOW US :- @theinsaneapp
DocuSign announced a 9% job reduction in September.
-: FOLLOW US :- @theinsaneapp
The company's stock price rose by 200% in 2020 but fell by nearly a third in 2021 and by 64% last year.
-: FOLLOW US :- @theinsaneapp
DocuSign expects to take charges of $25 million to $35 million on the restructuring plan.
-: FOLLOW US :- @theinsaneapp
The majority of the charges will be incurred in the quarter ending April 30.
-: FOLLOW US :- @theinsaneapp
As of Jan. 31, 2022, the company had 7,461 employees, according to a regulatory filing.
-: FOLLOW US :- @theinsaneapp
DocuSign is a digital document signature product provider.
-: FOLLOW US :- @theinsaneapp
The company is a pandemic darling.
-: FOLLOW US :- @theinsaneapp
This announcement comes as DocuSign is trying to adjust its business to post-pandemic conditions.