DocuSign
DOCU,
said Tuesday it will reduce its work force by 6% to support its growth. The San Francisco document services company plans to take restructuring charges of $28 million to $32 million in the quarter. Based on the 7,336 employees disclosed in DocuSign’s 2023 annual report, the job reduction will affect about 440 people. DocuSign said the majority of the job cuts are in its sales and marketing unit. DocuSign said the job cuts will help “strengthen and support the company’s financial and operational efficiency.” It’s the latest in a series of job cuts in various industries. DocuSign’s stock was down 4% in premarket trading.
