DocuSign laying off 6% of staff, sales and marketing roles affected

DocuSign is eliminating approximately six per cent of its workforce, or 440 jobs.

What’s happening at DocuSign?

In a news release on Feb. 6, the online signature provider announced a restructuring plan “designed to strengthen and support [its] financial and operational efficiency.”

While more details on the restructuring will be provided when DocuSign releases its Q4 2024 results, the company said the majority of the job cuts will affect sales and marketing staff.

“[We currently expect to] incur approximately $28 to $32 million in non-recurring restructuring charges…consisting primarily of cash expenditures for employee transition, notice period and severance payments, employee benefits, and related costs as well as non-cash expenses related to vesting of share-based awards,” the release reads.

DocuSign added that it expects its restructuring plan to be “substantially complete by the end of the second quarter of fiscal 2025.”

The company employs a total workforce of 7,336 people, according to a recent regulatory filing.

DocuSign layoffs in Canada

It remains unclear if any Canadian employees at DocuSign have been let go in connection with the restructuring.

According to the company’s LinkedIn page, it has more than 140 workers in the country.

Termination agreements for DocuSign employees

In Canada, non-unionized employees at DocuSign are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Before you accept any severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance for provincially regulated employees
• Rights to severance for tech sector staff
• Rights to severance during mass layoffs

Major tech layoffs continue

The job cuts at DocuSign come amid a flurry of tech sector layoffs in 2024.

Big names, including Snap, Zoom, Okta, PayPal, Salesforce, Microsoft, eBay, Wayfair, Amazon, YouTube, Google, Instagram, Discord, and Twitch, have also pulled out the axe as they continue to navigate challenging economic conditions.

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• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.