San Francisco-based DocuSign Inc. (Nasdaq: DOCU) is bringing employees back to its Seattle office.
The e-signature giant confirmed Tuesday to the Business Journal it will require certain employees — those designated as hybrid — to work in-office for two days a week starting June 5. DocuSign is the namesake of the tower at 999 Third Ave. in downtown Seattle, though a spokesperson declined to say how many employees the company has in the city.
"With employee experience at the core of our approach, we are committed to testing, learning and adjusting as needed," the spokesperson said in a statement, adding that the requirement to come back to the office is "based on individual job functions and locations."
The company had 7,336 total employees at the end of January, according to a filing with the Securities and Exchange Commission. However, it laid off roughly 9% of its workforce in September and another 10% in February.
In January 2020, the company received the naming rights for the office building now known as DocuSign Tower. At the time, DocuSign said it had 227,000 square feet in the building and more than 1,200 employees in Seattle.
DocuSign, which was founded 20 years ago in Seattle, allows clients to sign and manage agreements electronically. The company generated $659.6 million in its fourth quarter of fiscal year 2023, a 14% year-over-year increase. According to its earnings release, which was put out in March, the company generated $2.5 billion in revenue in fiscal 2023, a 19% year-over-year increase. DocuSign's clients include T-Mobile and United Airlines.
Multiple Seattle companies are calling employees back to the office, a promising trend for ailing downtowns but one that has irked some workers.
In late January, Starbucks began requiring corporate employees back to the office three days a week.
This week, Amazon began requiring employees to spend at least three days per week in the office, but the company disclosed internally that not all of its local offices will be fully ready for the wave of employees.
Seattle-based real estate tech company Redfin will require certain employees to spend two days per week in the office starting July 11.
"It has become clearer over the past year that the culture we’ve developed around remote work has been at best good, not great," Redfin CEO Glenn Kelman wrote in an all-staff email in April.
