DocuSign to lay off 10% of its workforce as part of its restructuring plan

US-based e-signature software company DocuSign has announced that it plans to lay off around 10 per cent of its workforce as part of the restructuring plan.

The company said the latest cuts will impact about 700 employees, reports CNBC.

DocuSign stated that it announced layoffs in order to support the company’s growth, scale, and profitability goals.

The layoffs will result in an impairment charge of approximately $25 million to $35 million in the first quarter of fiscal 2024, according to the report.

“The restructuring mainly impacts our worldwide field organisation.