DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
The plan is designed to support the company's growth and profitability objectives and improve its operating margin.will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
The plan is designed to support the company's growth and profitability objectives and improve its operating margin. As of January 2022, DocuSign had 7,461 employees, and it said the restructuring plan will largely be complete by the end of fiscal year 2023. It expects to incur charges between $30 to $40 million, largely in the third and fourth quarter of fiscal 2023, as part of the changes.
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