DocuSign announces restructuring plan to reduce workforce by 9%; expects $30-40M in charges

DOCUSIGN, INC.

Workforce reduction of approximately 9% as part of restructuring authorized Sept 26, 2022.
Estimated restructuring charges of $30-40 million, primarily cash for severance and employee benefits.
Majority of charges expected in Q3 and Q4 of fiscal 2023; plan substantially complete by end of FY2023.
Restructuring aimed at improving operating margin, growth, and profitability.
Potential position eliminations subject to local law and consultation requirements.

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