Why DocuSign Stock Dropped Today
Acquisition talks have reportedly cooled.
Stay updated with breaking news from Hellman Friedman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Acquisition talks have reportedly cooled.
DocuSign, the American software company, plans to reduce its workforce by 6% as part of a restructuring plan, with sales and marketing roles being the most impacted. This is in line with the trend of technology companies announcing job cuts due to the pandemic.
(Bloomberg) -- DocuSign Inc. is cutting about 6% of its workforce as part of a restructuring effort after talks to sell itself appear to have stalled.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareXi to Discuss China Stocks With Regulators as Rescue Bets BuildWhy NYC Apartment Buildings Are on Sale Now for 50% OffWall Street Snubs China for India in a Historic Markets ShiftChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsThe move will
DocuSign said on Tuesday it would reduce its current workforce by about 6%, or 400 employees, becoming the latest company to join the wave of layoffs across the tech industry. The...