News for hackers. Stuff that matters.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by tristor on Wednesday September 28, 2022 @02:19PM (#33011334)
Wow, Docusign has 7400 employees on only $622M in gross revenue?

For comparison, consider Cisco, a company most people think of as a bloated dinosaur... it has ~75000 employees on a gross revenue of $51.557B for FY22.

So roughly 10x the employees, but 83x the gross revenue. And this is Cisco, hardly a tech darling at this point.

What the hell do 7400 people do at Docusign?

Re:DocuSign to cut workforce by 9% as part of restructuring ... by lmkg on Wednesday September 28, 2022 @03:00PM (#33011829)
Considering the verticals they're in, they probably need to deal with a whole buncha legal requirements. Different legal requirements from different jurisdictions, many of which are devolved to independent standards bodies. I'm sure that adds some body count.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by jd_illa on Wednesday September 28, 2022 @03:30PM (#33012163)
Is this true? I don’t think their product offering varies by jurisdiction. At least not in my experience as an attorney.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by kingofpandora on Wednesday September 28, 2022 @05:11PM (#33013328)
The fine print that we never read may well vary ... of course you are an attorney, so maybe you do read it!
Re:DocuSign to cut workforce by 9% as part of restructuring ... by lotsofpulp on Wednesday September 28, 2022 @04:50PM (#33013082)
While Cisco is not Apple, Microsoft, Alphabet, Amazon, or Facebook, it consistently puts up numbers worthy of envy by most others:

https://www.macrotrends.net/stocks/charts/CSCO/cisco/net-pro...

Re:DocuSign to cut workforce by 9% as part of restructuring ... by ricardobayes on Wednesday September 28, 2022 @02:40PM (#33011591)
Good question. I've seen less than 300 employees produce self-driving software (on the road today, not PoC level stuff).
Re:DocuSign to cut workforce by 9% as part of restructuring ... by stusmall on Wednesday September 28, 2022 @03:18PM (#33012016)
I'd imagine the ratio of post sales support staff is higher than normal with them. Either technical or, as someone else mentioned, legal. Docusign only makes sense as a product if it is quick and easy to use. They need to help customers clear any hurdles fast.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by lumost on Wednesday September 28, 2022 @03:28PM (#33012141)
Anecdotally, I've seen an increasing trend of bloated engineering orgs across startups. Presumably this is motivated in part by a desire to be perceived as an innovative "Tech" company amongst investors.

I don't think it's a fair assumption that only sales/marketing orgs are oversized anymore. Oversized engineering orgs also lead to oversized opex spend due to added difficulty in having ~1k engineers contribute to a common code base.

Re:DocuSign to cut workforce by 9% as part of restructuring ... by monkeydust on Wednesday September 28, 2022 @03:48PM (#33012348)
Yea I'm seeing this. Lot of 'lets throw more eng fte's' on this problem rather than trying to make existing more productive. This will have to change.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by subsubzero on Wednesday September 28, 2022 @04:14PM (#33012672)
100%, what I have seen is alot of companies are trying to emulate Google's laid back culture in shipping products. The problem with this is Google is one of the most successful monopolies ever created. Alot of these tech companies are not, but they emulate the perks and wlb that google has which leads to situations like what we are seeing now.
Re:DocuSign to cut workforce by 9% as part of restructuring ... by lumost on Wednesday September 28, 2022 @04:54PM (#33013129)
This comment reminded me of a time long ago when I worked at a middle of the road startup with ~100MM in revenue, ~300 employees, and a margin of ~30-40%. On net the company lost money, and probably had a gross profit of ~200k per employee.

A particular principal engineer was prone to arguing that Engineers should be getting paid between half a million and a million per year. On the basis that our contributions were much greater than what we were paid. That Engineer is a CTO now.

Re:DocuSign to cut workforce by 9% as part of restructuring ... by tristor on Wednesday September 28, 2022 @07:08PM (#33014358)
> That Engineer is a CTO now.

Hopefully they took some business classes between then and now.