DocuSign To Lay Off 6% of Workforce, or About 440 Jobs (cnbc.com) 30
DocuSign will cut 6% of its workforce, it said Tuesday, as part of a restructuring plan that aims to improve the company's "financial and operational efficiency." CNBC: The online signature provider said the majority of the employees impacted by the layoffs will be within its sales and marketing organizations. DocuSign employs 7,336 workers, according to its most recent filing with the U.S. Securities and Exchange Commission, which means the cuts will affect around 440 jobs. DocuSign said the restructuring plan will be largely complete by the end of its second fiscal quarter of 2025, according to the release. The company added that it expects to "meet or exceed" its fourth-quarter and fiscal-2024 guidance that it outlined in a release in December.
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Usually it's just click a button and they show you your name in a cursive type font. Does anyone really believe this would hold up in a court of law? These companies have been riding the gravy train a little too long at this point, people are starting to wise up and it's catching up with them.
Actually, e-signatures include the manifest of (a) who sent it (b) who it was sent to (c) IP addresses (d) timestamps, (e) etc. which ink does not include. It will hold up in court because the courts have already accepted them.
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The things like IP address are just for show. The real question is whether, in context, it seems reasonable that you would have signed it. Anyway, a service like DocuSign is on thin ice. They know, and stated in their SEC filings, that any competitor could easily do what they do.
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They know, and stated in their SEC filings, that any competitor could easily do what they do.
Indeed. There are a LOT of competitors out there. Shoot, our little school management system includes it in their system, specifically so that the schools wouldn't be subject to Docusigns exorbitant costs...
Re:E-signatures are dumb anyway (Score:4, Informative)
Yes, the ESIGN act of 2000 gave the force of law to electronic signatures. In fact, a search for electronic signature law on Google comes up with a link to a DocuSign FAQ page [docusign.com] that answers your question.
I'm not saying it should be law, just that it is.
Re: E-signatures are dumb anyway (Score:2)
Considering that it's just a presentation, and the legal bit is that an authenticated and authorized user performed a recorded positive affirmation of the legal contract.
Re: E-signatures are dumb anyway (Score:3)
Docusign isn't used for legal documents though But also for validation of a bunch of internal forms in administration.
We use to at $localuniversity to use faculty signatures as approval of successful defense of research dissertations. This is now routed through docusign. The system shows the email login of whoever signed. So it is easy to check that whoever signed has access to their correct email account.
Could we do that with another system. probably. but the analogy to paper document and signature makes
So it's something like this... (Score:3)
Dear Employee,
You've been laid off. Please acknowledge in the attached document via DocuSign.
Sincerely,
Mystock Justwentup, Mgr.
Frankly... (Score:4, Interesting)
... I'm impressed they managed to make a viable business model out of this in the first place. You'd think it would be something built into MS Office via Outlook or LibreOffice by now.
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(which is to say, not at all).
Actual lawyers disagree with you: https://www.rocketlawyer.com/b... [rocketlawyer.com]
Copying and pasting a picture of your signature in a PDF likely isn't going to hold up. But I'm sure Docusign employs a lawyer or two, and I'm sure those lawyers have ensured that their systems comply with the points outlined in the link. The two things aren't the same.
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This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
Well yeah, no shit. That is true for any form of "legal advice" on the Internet. Any lawyer who doesn't put such a disclaimer on a blog post is probably someone you don't want as a lawyer.
What you linked is an advertisement for RocketSign.
Ok, do you have any source that says the information presented is incorrect? Further, do you really think a RocketSign, DocuSign, or one of the dozens of similar companies out there would exist if the services they provided didn't do what they claim it does. I used such a service to sign some very important mortgage-rel
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... I'm impressed they managed to make a viable business model out of this in the first place. You'd think it would be something built into MS Office via Outlook or LibreOffice by now.
You're correct, but it's an interesting post to read on a site like Slashdot... one that tends to poo-poo Microsoft products, especially Outlook. ;-)
What any esignature product includes is a disinterested third party collecting manifest info. People around here might cry foul for that information being collected by the likes of Microsoft........
Re:Frankly... (Score:4, Insightful)
The other lay offs I'm skeptical about and think it's the modern MBA religion at work undermining long term business health for short term gains but THIS time it sounds sensible... why does their business have so many employees? Are they all marketing? The service they provide seems more redundant than their employees.
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... I'm impressed they managed to make a viable business model out of this in the first place.
PHBs likely looked at it as a way to mitigate risk. If we track the digital signatures and someone sues saying "That's not my signature, you helped them steal my identity!" then we're liable, but if we use a third party to track digital signatures then they're liable and we can get a nice payout for them violating our service contract and putting our clients at risk.
Re: Frankly... (Score:2)
I've used it pretty heavily for house sales. There are a few services that all do similar things, with DocuSign being slightly more expensive than most. I view e signature service to be approaching a commodity service, which means it will be hard for any one company to dominate and we'll see a market more like Notary service where anyone who is properly registered can do it.
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Digital signature support is pretty widespread across productivity software. Where the fun begins is managing the signing keys.
Docusign isn't really selling the signature feature(indeed, to be worth using, they pretty much have to use the standardized options mentioned in the various standards that give e-signatures legal force); they're selling abstracting the key management away from you; and the service of offering a 'free' barebones setup that the people you send forms to can use to
"Restructuring" (Score:3)
Like so much bullshit these days (Score:1)
And therefore a bloody great waste of everyone's time.
What hte hell... (Score:3)
DocuSign employs 7,336 workers
What in the world are they doing at DocuSign that required over seven thousand employees?
Re:What hte hell... (Score:5, Interesting)
Everytime these layoff stories come up, I'm amazed at how no one bats an eye at these bloated employee counts, vs what the product actually is.
By contrast, my first job was an ISP that covered thousands of square kilometers of area, offered business and residential Internet service from access to hosting, with its own AS number, and we were 2000 total.
Then you get a single website with a single purpose, and there's 10,000 of them working on it.
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~7333 employees? (Score:1)
Terrible product from an overstaffed company (Score:3)
I'm the unfortunate recipient of many "DocuSign requests" as part of my job. Between duplicate messages, constant nagging to create an account and weird senders that aren't in my address book, I find the product to be unnecessarily complex and overwrought for what I can easily accomplish with Preview.app and the signature tool on a PDF.
How this company manages to employ (for the moment) over 7000 people is beyond me. I only found this out when I read about the layoffs. I figured it might be a tiny little startup with 100 people max, but seven THOUSAND. Bonkers.