DocuSign to lay off 10% of its workforce, or about 700 employees
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Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#27000+ employees for an app that signs documents?
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#3I feel bad for the people being laid off, but I'm floored by the size of these companies. I know there are always lots of people in sales & support, and some "overhead" positions, and you multiply by some factor for an international presence.
But still... even with all that... for the services DocSign provides... how can they possibly need over 7000 people?
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#4Digital document signing company needing 7,000 employees. Why?
The market still has room to go down, taking the 'tech' bubble with it.
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#57000+ employees for an app that signs documents?
6300 now, and I feel like the number should be closer to 630.
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#67000+ employees for an app that signs documents?
Seems very high, yes. My bet most of those are working in compliance/legal stuff. DocuSign is accepted pretty much everywhere.
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#7It's going to take a long time for tech compensation to recover. Even if the stock market recovers, the wages will be lower.
All the laid off employees will take low compensation somewhere. Every time a good opportunity opens up (1+ year from now), all these low comp people will jump at it, suppressing the wage of that job.
Hard to imagine how long it will take for that effect to disappear, need a stock market boom or low rates again
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#8Digital document signing company needing 7,000 employees. Why? The market still has room to go down, taking the 'tech' bubble with it.
You'd also be floored by how terrible their support is. I had to send three emails to get a sales rep to finally respond to a question (i'm an enterprise customer)
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#97000+ employees for an app that signs documents?
That's not just what DocuSign does, except for their smallest customers.
Re: DocuSign to lay off 10% of its workforce, or about 700 employees
#10I feel bad for the people being laid off, but I'm floored by the size of these companies. I know there are always lots of people in sales & support, and some "overhead" positions, and you multiply by some factor for an international presence. But still... even with all that... for the services DocSign provides... how can they possibly need over 7000 people?
Answer: they don't. Support via docusign is also relatively non-existent.