Shares of DocuSign Inc. (DOCU) slid in intraday trading Tuesday after the e-signature software maker said it would cut 6% of its workforce. DocuSign said the majority of the cuts would hit its sales and marketing departments. It also estimated that it would incur $28 million to $32 million in one-time restructuring charges, the majority of which would be booked in the first quarter of its 2025 fiscal year.The layoff announcement comes just one day after Reuters reported that DocuSign's takeover talks with p ...

DocuSign (NASDAQ:DOCU) layoffs are a hot topic on Tuesday after the electronic signature solutions company announced plans to cut roughly 6% of its workforce.Based on its latest filings, DocuSign employs 7,336 people. That means these job cuts will result in about 440 of them no longer working for the company.DocuSign notes that these layoffs will mostly be limited to its Sales & Marketing organizations. It also expects these headcount reductions to result in charges of $28 million to $32 million. Most of t ...

DocuSign Inc (NASDAQ: DOCU) is in focus this morning after announcing plans of lowering its headcount by some 6.0%.How many employees will be laid offCopy link to sectionThe electronic signatures company will let go around 440 of its employees to improve its “financial and operational efficiency”. A better part of the announced job cut will be restricted to the company’s sales and marketing division, as per its press release on Tuesday.Note that the tech companies laid off a total of 24,000 workers in Janua ...

The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021.DocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan that aims to improve the company's "financial and operational efficiency," according to a release.The company said the majority of the employees impacted by the layoffs will be within its sales and marketing organizations. DocuSign employs 7,336 workers according to its most recent filing with the U.S. Securities and Exchange Commission, ...

DocuSign DOCU, -8.45% 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 o ...

Provides Update on Q4 and FY 2024 Guidance SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- DocuSign (Nasdaq: DOCU) today announced a restructuring plan (the "Restructuring Plan") designed to strengthen and support the Company's financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year growth aspirations as an independent public company. DocuSign also announced that it expects to meet or exceed the Company's Q4 an ...

Who wants to buy DocuSign (NASDAQ:DOCU)? Earlier this year, it was revealed that private equity firms Bain Capital and Hellman & Friedman were competing to buy out the electronic signature company. According to sources close to the matter, the two firms were named as final bidders in the auction for the company. The sources also stated that the firms could cooperate in acquiring DocuSign. However, DOCU stock is falling lower today after Reuters reported that Bain and Hellman are in a disagreement with DocuS ...

It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or cha ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has DocuSign (DOCU) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.DocuSign is one of 313 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring ...

DocuSign (DOCU) closed the latest trading day at $63.35, indicating a +1.15% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.Coming into today, shares of the provider of electronic signature technology had gained 5.35% in the past month. In that same time, the Business Services sector gained 0.44%, while the S&P 500 gained 2.5%.Analy ...