DocuSign has laid off 9% of its employees, the San Francisco-based tech company announced in an Securities and Exchange Commission (SEC) filing Wednesday. Headquartered in SoMa, the company had 7,461 employees across 17 offices, meaning that approximately 671 people would lose their jobs.?
The company — a unicorn that has soared from a pre-IPO valuation of $3 billion in 2018 to approximately $11 billion as of publication time — specializes in electronic signature management software. That software allows companies to issue documents to clients to sign electronically, across many different types of devices.?