E-signature solutions company DocuSign states that most of their layoffs will take place within their sales and marketing teams, comprising over 7300 workers including 14 in Canada.
Non-unionized employees in Canada who are laid off can receive up to 24 months of full severance pay depending on their job classification and employer, including contract workers who were working “on a project basis”.
DocuSign Sales & Marketing
DocuSign announced in a company release that employees in its sales and marketing departments will be laid off, making this the second round of layoffs since last year when 9% were reduced from its workforce. DocuSign states it seeks “financial and operational efficiency” while looking to grow the business.
The company says their latest plans won’t negatively impact customers. Headcount reductions will result in charges between $28 million to $32 million; more details regarding its restructuring plans will be shared when reporting quarterly results next month.
If you work at DocuSign and have been laid off, contact Samfiru Tumarkin LLP immediately for legal representation. Canadian workers impacted by downsizing or closure are entitled to full severance pay; our offices in Ontario, Alberta and British Columbia have successfully represented thousands of such individuals over time – please fill out our online contact form so we can reach out directly.
Customer Success
DocuSign is the latest tech firm to implement layoffs as it seeks to boost profits. According to DocuSign’s sales and marketing division employees, this round of job cuts will affect them directly.
The company states this move is part of an overall plan to reduce operating costs and achieve growth, scale, and profitability objectives. They anticipate incurring costs between $28 million to $32 million related to restructuring including severance payments and other related expenses.
DocuSign reportedly employs 7,336 worldwide, including over 140 people in Canada. Non-unionized employees in Canada who lose their jobs as the result of downsizing or corporate restructuring are entitled to full severance pay – up to 24 months of salary compensation in these cases.
Samfiru Tumarkin LLP has successfully represented thousands of non-unionized Canadian employees who have been fired or laid-off, in claims for unfair dismissal and severance pay. Contact us today and speak to an experienced employment lawyer!
Engineering
DocuSign has announced it is restructuring as part of an effort to increase financial and operational efficiencies, with plans in place to complete their plan by the end of fiscal 2025.
According to its SEC filing, this online signature solution provider employs 7,336 workers; thus the layoffs will impact approximately 440 of them. They mainly target sales and marketing teams. They estimate this move will cost them between $28 to $32 million in non-recurring charges such as severance pay and other costs.
Layoffs serve as a stark reminder that job security is never guaranteed – even in high-profile tech companies. Our team at Samfiru Tumarkin LLP are adept in representing individuals affected by downsizing and corporate restructuring; non-unionized workers in Canada should receive full severance pay in such instances; we can assist these workers with filing claims to recover that pay. Reach out today and see how we can assist!
Operations
E-signature provider states that these cuts will enable it to reach its financial and operational efficiency goals more quickly, with total costs expected between $28-32.2 million for restructuring expenses and other associated costs.
The company states that most job cuts will occur in sales and marketing departments; however, other departments could also be affected. Furthermore, plans have been laid out to close some offices.
Layoffs at multiple tech companies this year have resulted in mass staff reductions. Tens of thousands of non-unionized workers have lost their jobs in this sector and caused numerous legal disputes related to severance pay claims in Ontario, Alberta and British Columbia. Anyone affected should consult an employment law attorney immediately so as to receive full severance pay benefits.
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