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

  • 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.

    How are they losing so much money?

  • My company is developing a digital signatures platform called Bulksign https://bulksign.com

    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.

    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.

  • I ran IT for a company of about 50 employees and paying for DocuSign was a huge line item on our fixed overhead. It's way too expensive/unreasonable for smaller companies. They setup this pricing plan to sell to Honeywell or something and then expect everyone else to pay the same.

  • 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.

    We have been digitally signing document and digitally registering students .. for over a decade … Docusign did not make the process any easier. Pass.

  • 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)

  • I'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.

  • More like DocuResign

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