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DocuSign to cut workforce by 9% as part of restructuring plan

117 pointsby ParksNetover 2 years ago

7 comments

tomcamover 2 years ago
Docusign has 7,400 employees. TFA doesn’t bother to mention anything about their revenue. Gross is $622 million. Net is -$45 million. Somehow they are losing money on document signing software despite having overcome, to their credit, resistance to the concept and developing something like a monopoly.<p>How are they losing so much money?
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johnfonescaover 2 years ago
My company is developing a digital signatures platform called Bulksign <a href="https:&#x2F;&#x2F;bulksign.com" rel="nofollow">https:&#x2F;&#x2F;bulksign.com</a><p>We want to encourage broader use of advanced digital signatures and we are giving the on-premise version of this platform for FREE to any NON-PROFIT organization from anywhere in the world which wants it.<p>With droughts and up to 10l of water being used to make 1 sheet of A4 paper, i think natural resources are better spent elsewhere and digital documents and digital signatures should become the norm.
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user3939382over 2 years ago
I ran IT for a company of about 50 employees and paying for DocuSign was a huge line item on our fixed overhead. It&#x27;s way too expensive&#x2F;unreasonable for smaller companies. They setup this pricing plan to sell to Honeywell or something and then expect everyone else to pay the same.
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roody15over 2 years ago
School IT guy here.. DocuSign made multiple pitches to our district and they all fell flat. Really seemed to be cold call marketing a product … that is not as valuable as they try an protray.<p>We have been digitally signing document and digitally registering students .. for over a decade … Docusign did not make the process any easier. Pass.
jd_illaover 2 years ago
What is a good alternative? Would like something that works well with scale and bulk sends (e.g. where the doc is the same but name is different for each recipient)
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tomschungryover 2 years ago
I&#x27;m sure they grew quite a bit during the height of covid (like Zoom) but everyone is now scaling back with this recession looming. Sad regardless.
glouwbugover 2 years ago
More like DocuResign