I won’t deny that I claim a lot of the recent layoffs in tech as routine business. In the case of Docusign, however, they plan to layoff 10% this week. This comes on the heels of a 9% layoff in September. The real estate market is one of the larger driving forces behind DocuSign, and home sales are off, ergo, DocuSign business is off. Twilio’s layoffs are a bit more unexpected and steep at 17%. Twilio is in the voice and data communications world, so is far more of a concern. They stated that they simply grew too big, too fast, which is an actual thing in the business world, which indicates structure issues.
E-signature software company DocuSign on Thursday announced plans to cut around 10% of its workforce.