DocuSign Stock Falls Amid Third Round of Layoffs in Two Years

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 ...