DocuSign to Cut 6% of Its Workforce as Sale Talks Stall
- Deal talks with Bain, Hellman & Friedman stalled over price
- Restructuring to help DocuSign grow as independent company
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DocuSign Inc. is cutting about 6% of its workforce as part of a restructuring effort after talks to sell itself appear to have stalled.
The move will mostly affect staff in sales and marketing, the company said in a statement on Tuesday. DocuSign had 7,336 employees at the end of 2023. As a result of the layoffs, the company will incur about $28 million to $32 million in restructuring charges. The stock slipped 7.4% in premarket trading in New York.