DocuSign to lay off 6% of workforce, or about 440 jobs

L4sBot@lemmy.worldmod to Technology@lemmy.world – 164 points –
DocuSign to lay off 6% of workforce, or about 440 jobs
cnbc.com

DocuSign to lay off 6% of workforce, or about 440 jobs::DocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan

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I mean, I could see them having a few hundred employees total at DocuSign, but holy crap! What do they all do?

There are infinitely more complex pieces of software out there with less than a tenth of the number of employees.

Sales, marketing and support most likely. It has a massive corporate userbase. I'm guessing the actual tech side of the house is only a small fraction.

They need to employ a small army of handwringing analysts to verify your terrible trackpad and touch screen signatures.

So do these guys wring their hands while analyzing stuff or do they actually analyze handwringing?

My guess is that snorting cocaine while "working" makes that a bit difficult.

I used to work at DS and there was definitely overhiring done during the early pandemic when the stock price was going up. At least three people I know were let go in this round and they were in technical teams, which was surprising.