"DocuSign's Workforce Reduction and Deal Talks Impact Stock Performance"
DocuSign plans to lay off 6% of its workforce, affecting around 440 jobs, as part of a restructuring aimed at improving financial and operational efficiency, with the majority of impacted employees coming from sales and marketing. The company expects to complete the restructuring by the end of its second fiscal quarter of 2025 and aims to meet or exceed its fourth-quarter and fiscal year 2024 guidance. Shares of DocuSign fell over 6% in premarket trading following the announcement, and talks with potential buyers have reportedly stalled over deal price disagreements.