DocuSign to lay off 10% of its workforce, or about 700 employees
Publishing timestamp: 2023-02-16 19:31:55
Summary
DocuSign announced plans to cut around 10% of its workforce, on top of the 9% it cut last September. This will result in an impairment charge of $25-35 million and is part of a larger trend of tech companies cutting jobs due to rising interest rates and slowing consumer demand.
Sentiment: NEGATIVE
Tickers: META, AMZN, DOCU, GOOGL, CRM, TWLO,
Keywords: business news, technology, twilio inc, alphabet class a, meta platforms inc, docusign inc, internet, salesforce inc, amazon.com inc,
Source: https://www.cnbc.com/2023/02/16/docusign-layoffs-company-to-cut-10percent-of-workforce.html