DocuSign Announces Third Major Layoff in 18 Months, Cutting 6% of Workforce

The e-signature company's latest round of layoffs impacts 400 employees, primarily in sales and marketing, amid stalled private equity takeover talks.

DocuSign has laid off 400 employees, marking its third major job cut since September 2022, affecting 6% of its workforce.
The layoffs mainly impact the sales and marketing departments, with the company incurring $28 to $32 million in restructuring charges.
CEO Allan Thygesen expressed regret over the decision, emphasizing the layoffs as a last resort after other cost-cutting measures.
DocuSign's stock has fallen following the announcement, with shares down more than 4% amid reports of stalled acquisition talks with private equity firms.
The company has undergone significant workforce reductions, cutting around 670 workers in September 2022 and 700 more in February 2023, as part of efforts to improve financial and operational efficiency.