Why DocuSign's Layoffs Are Bad News for the Stock
DOCUDocuSign(DOCU) The Motley Fool·2024-02-07 04:28

Shares of DocuSign (DOCU -2.66%) fell as much as 7.4% in trading on Tuesday after the company announced a restructuring and layoffs. As of 2:45 p.m. ET shares are down 3%. Layoffs continue in tech DocuSign announced a restructuring plan "designed to strengthen and support the Company's financial and operational efficiency" while also delivering growth. The plan includes eliminating about 6% of the workforce, or about 440 jobs. Most of the cuts are expected to be in sales and marketing. As part of the releas ...