DocuSign Inc. (DOCU) will restructure and reduce the current workforce by approximately 9%

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Go back to DocuSign Inc. (DOCU) will restructure and reduce the current workforce by approximately 9%

DocuSign Inc. (DOCU) Restructuring Timing 'Interesting' According to Analyst

September 29, 2022 12:52 PM EDT

Wolfe Research cut its price target on shares of DocuSign Inc. (NASDAQ: DOCU) to $44 from $53, reiterating an Underperform rating on Thursday, in reaction to the news that the company authorized a restructuring plan that will reduce the current workforce by approximately 9%.

Analyst Alex Zukin told investors in a research article that the company estimates it will incur charges of approximately $30-$40M in connection with... More