AM I NEXT? NO LOVE AT DOCUSIGN (02/06/24)

FEBRUARY 6, 2024 — 6% REDUCTION IN THE WORKFORCE, 480 EMPLOYEES

DocuSign announced a restructuring plan designed to strengthen and support the Company's financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year growth aspirations as an independent public company.

As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 6%, with the majority of impacted positions in the Company's Sales & Marketing organizations. And that the execution of the Restructuring Plan will be substantially complete by the end of the second quarter of fiscal 2025.

FEBRUARY 18, 2023 — 10% REDUCTION IN THE WORKFORCE, ABOUT 700 EMPLOYEES

According to DocuSign's latest Securities and Exchange Commission filing, “On February 16, 2023, DocuSign announced a restructuring plan that is designed to support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce its current workforce by approximately 10%, primarily in the Company’s worldwide field organization.”

OCTOBER 10, 2022 — Original post…

San Francisco, California-based DocuSign, a technology company providing a cloud-based platform to facilitate electronic signatures, has announced a major restructuring, including a new Chief Executive Officer, with the initiative largely complete by the end of the fiscal year 2023.

The restructuring will impact 9% of the company's workforce, an estimated 670 employees.

According to DocuSign's latest Securities and Exchange Commission filing, "On September 26, 2022, the Board of Directors of DocuSign, Inc authorized a restructuring that is designed to improve operating margin and support the Company’s growth, scale, and profitability objectives. As part of the Restructuring Plan, the Company expects it will restructure and reduce the current workforce by approximately 9%."

Like many companies that experienced rapid growth due to the impacts of the COVID pandemic and the necessity to curb travel and exposure to outside individuals, there will be a period of realignment to match personnel with the current slowing economy.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

UNDERSTANDING TRADE AND TARIFFS

Because political actions affect both producers and consumers, it is crucially important for individuals to understand that tariffs are another name for taxes on producers and consumers of certain classes of goods.

What is a tariff?   

A tariff is a politically-imposed tax on imported foreign goods that make it more expensive for domestic producers and consumers to purchase foreign goods. 

Who gets the money?

Because a tariff is a tax, the revenue accrues to the benefit of the taxing authority and the money flows into the general fund to be spent according to government whim.

The folly of responding to foreign tariffs ...

Because a tariff is a tax on domestic producers and consumers, it would be idiotic to respond to another nation that is imposing taxes on its own citizens by imposing tariffs on your producers and consumers -- in effect punishing your citizens for the actions of another country. The end result is higher prices, fewer jobs, and a lower standard of living.

Understanding the bogosity of "balance of trade." 

This is a bogus issue easily illustrated by our purchase of oil from Saudi Arabia. We benefit from the oil but do not compel the Saudis to purchase a similar amount of goods from the United States and punishing American producers and consumers by taxing for their purchase and use of Saudi-derived gasoline. 

Understanding the politics ...

With over 12,000 tariffs on American goods, we can only conclude that the special interests are behind the tariffs and taxes imposed on the American people. 

Harmonization? 

To see which industries are protected, you may wish to visit the Tariff Databases at the United States International Trade Commission website, USITC Tariff Database Interactive Quick lookup which contains the current version of the Harmonized Tariff Schedule of the United States. 

IT DOESN'T WORK.

Historically, we have had three Republican Presidents impose tariffs, former presidents Hoover, Nixon, and Bush, and all attempts led to failures to regulate trade and penalties on the American people. Unfortunately, our current president, Donald Trump, is ill-educated and poorly read and, in spite of economic advisors, believes that punishing the American public on behalf of special interests will somehow penalize China and our other trading partners -- insanity. 

SUICIDE: THE END RESULT OF USING TAXES ON AMERICAN PRODUCERS AND CONSUMERS TO PUNISH OTHER NATIONS WHO ENGAGE IN THE THEFT OF INTELLECTUAL PROPERTY, CURRENCY MANIPULATION, AND DUMPING (SELLING GOODS BELOW PRODUCTION COSTS TO GAIN MARKET SHARE AND DESTROY COMPETITION.

Are you wondering, Am I Next?