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

Coreidan , 4 months ago

Can’t stop won’t stop

OutrageousUmpire , 4 months ago

I need to just filter out layoff news. All these tech layoffs really bug me. Hope we see some startups take off filled with these laid off workers.

Obi , 4 months ago

I feel much less strongly about them (as in I just care less, they're still still horrible) since I left the industry to start my own business, tbh.

hperrin , 4 months ago

Holy shit, how many employees does DocuSign need?

Shadywack , 4 months ago

I'm no fan of these layoffs, but a company like Docusign having over 7k employees is mind blowing to me. They could probably GET BY with 440 employees and then outsourcing customer service entirely.

Brkdncr , 4 months ago

Our account manager just tried to wrangle us into 3x as many licenses as we needed. I looked at the numbers and there wasn’t any usage. I think they logged in to sign something over a year ago and that auto-consumed a license.

Spent waaay too much time trying to get them to come up with the right number.

I think their business model is to get as many people licensed as possible even if they aren’t using the product. The steps you need to go through to release a license are odd.

SpaghettiYeti , 4 months ago

They wanted $30k for like 6k envelopes a year for my company. With Conga Sign, it was less than $5k for UNLIMITED. They didn't adjust pricing with competition. They need to shrink or go extinct.

Jakdracula , 5 months ago

Why do they need that many employees?

Doomsider , 4 months ago

Spoken like a true CEO. About time for a merger riiight?

crazyCat , 4 months ago

To scam corporate clients.

Burn_The_Right , 5 months ago

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.

Unforeseen , 4 months ago

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.

Ghostalmedia , 4 months ago

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

Threeme2189 , 4 months ago

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

Municipal0379 , 4 months ago

Yes

Shadywack , 4 months ago

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

kinther , 4 months ago

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.

parpol , 5 months ago

Who?

Ghostalmedia , 5 months ago

Leases, mortgages, loans, hiring agreements. I feel like most major contracts get signed with Docusign these days. Been that way for a years now.

There are alternative products, but they’re definitely the biggest player for digital contracts.

parpol , 4 months ago

Oh, digital contracts. They haven't really taken off in Japan. We still use plain old stamping on physical paper here.

remotelove , 4 months ago

Oh, Japan! Don't you ever change.

mlen , 4 months ago

Switzerland requires "wet" signatures too

remotelove , 4 months ago

That description makes weird pictures in my brain.

mlen , 4 months ago

Basically means that it cannot be printed and must be done by hand, which originally implied being signed with ink.

remotelove , 4 months ago

I got that part but I had just imagined someone giving a bit fat sloppy lick across a signature line. (My brain can be quite broken at times.)

mlen , 4 months ago

That certainly is an interesting take. I never thought about it this way

Ghostalmedia , 4 months ago

(͡•_ ͡• )

Ghostalmedia , 4 months ago

Makes sense. Japan’s business culture is world famous for being weird as shit.

ExLisper , 4 months ago

Non-business culture as well.

remotelove , 4 months ago

All cultures are weird as shit when you look at them from the outside.

(No, I am not excluding myself. There are plenty of people that could easily consider me weird as fuck. I rather enjoy that, so it kinda works out in the end.)

IamAnonymous , 4 months ago

I thought Hanko was slowly being retired for regular transactions and only being preserved for big events like marriage / new house purchase.

parpol , 4 months ago

The jitsu-in is required for marriage and purchasing property.

The ginko-in is required for signing stuff as a business.

The mitome-in is required by all Japanese for signing anything.

The ginko-in and mitome-in are still required everywhere. I've never been sent an online doc that I could sign with an online service or blockchain, nor have I heard from anyone about it. It's always a letter that I have to place my mitome-in on and send back.