Ashley Capoot / CNBC:
DocuSign will lay off 9% of staff as part of a major restructuring to be completed by 2023 end, incurring charges of $30M-$40M; it had 7,461 staffers in January — – DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
Jordan Novet / CNBC:
DocuSign hires Google executive Allan Thygesen as CEO, starting October 10; the company’s CEO for the past five years, Dan Springer, stepped down in June — DocuSign shares rose almost 5% in extended trading after the electronic signature software maker announced it has hired an Alphabet executive, Allan Thygesen, to be its next CEO.
Emily Bary / MarketWatch:
DocuSign reports Q3 revenue up 18% YoY to $645.5M, vs. $627M est., and billings up 17% YoY to $659.4M, vs. $588.6M est.; stock is up ~10% after hours — Company easily tops expectations on billings and other key metrics — Shares of DocuSign were flying higher in aftermarket action Thursday …
Brody Ford / Bloomberg:
DocuSign reports Q2 revenue up 22% YoY to $622.2M, vs. $602.7M est., and a full-year billings forecast of $2.55B to $2.57B, vs. $2.53B est.; stock jumps 18%+ — DocuSign Inc. rallied 17% after reporting quarterly sales that topped analysts’ estimates and raising its billings forecast …
Rebecca Bellan / TechCrunch:
TuSimple confirms plans to lay off 25% of its workforce, or an estimated 350 workers, following a rough year for the self-driving trucking company — Update: CEO Cheng Lu said laid off workers will remain on the payroll for two months and will receive severance. — Well, we knew it was coming.
Annie Palmer / CNBC:
Amazon pauses hiring for roles in its corporate workforce after announcing last month that it would freeze hiring for corporate roles in its retail business — KEY POINTS — Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
Ashley Capoot / CNBC:
Cisco reports Q1 revenue up 6% YoY to $13.6B, vs. $13.3B est., including Secure, Agile Networks up 12% YoY to $6.68B, and increases its FY 2023 revenue guidance — – Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates on top and bottom lines.
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