2023 continues to be a slow, brutal march for tech companies.
, the company had 7,461 workers — more than two-thirds of whom were in sales.
The cuts, according to the statement and spokesperson, will primarily affect workers in its “worldwide field organization” — though the spokesperson also declined to clarify which specific divisions of the company will be affected by these cuts. “This action allows us to reshape the company to more effectively position us for profitable growth while freeing up resources for investments,” the spokesperson said. “We remain confident in the long-term strength of our team and our business.”
DocuSign’s Thursday announcement continues the worrisome trend of tech companies conducting follow-up layoff rounds, evidence that economic headwinds and anxieties over stock prices and pandemic-era overhiring still weigh heavily in corporate decision-making.
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