"DocuSign's Workforce Reduction Amidst Stalled Sale Talks"
DocuSign is cutting 6% of its workforce as sale talks with private equity firms Bain Capital and Hellman & Friedman appear to have stalled, resulting in a restructuring effort to strengthen financial and operational efficiency. The company, which had been a pandemic darling, has faced increasing competition and a decline in valuation. The layoffs will mostly affect sales and marketing staff, and the company expects to incur about $28 million to $32 million in restructuring charges. This news adds to a trend of job cuts in the technology industry, with companies like Snap Inc. and Okta Inc. also announcing workforce reductions.
