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DocuSign to lay off 10% of its workforce, or about 700 employees - TL;DR CNBC

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: METAAMZNDOCUGOOGLCRMTWLO

Keywords: business newstechnologytwilio incalphabet class ameta platforms incdocusign incinternetsalesforce incamazon.com inc

Source: https://www.cnbc.com/2023/02/16/docusign-layoffs-company-to-cut-10percent-of-workforce.html


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