Paychex, Inc. (PAYX): $122.19
Market Cap: $43.14B
EV: $42.61B
DocuSign (DOCU) decided to lay off 6% of its workforce this week. Last month, Microsoft (MSFT), which closed its acquisition of Activision Blizzard last year, decided to lay off 1,900 of its videogaming staff. Last year, Meta Platforms (META), in the spirit of Mark Zuckerberg’s “year of efficiency” laid off a whopping 22% of its staff.