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SF tech company Dropbox slashes 528 workers after CEO called last layoff 'brutal'
This time,
Dropbox
is dramatically paring back its managerial ranks, according to the state notice, which the Worker Adjustment and Retraining Notification Act generally requires companies to file in the event of mass
layoffs
. The 174 California cuts range ...
Dropbox mass layoffs will impact 20% of its global workforce
Dropbox employees are about to face another mass layoff in less than two years. The cloud storage company’s CEO has confirmed about 20% of employees will be let go. Back in 2023, CEO Drew Houston wrote an internal memo that assured the company wasn’t facing any losses but it had to take some remedial action to address the slowdown.
Dropbox lays off 20% of staff, cutting more than 500 jobs
Dropbox is laying off 20% of its workforce, eliminating a total of 528 jobs. The company cut 500 roles in a previous round of layoffs in April 2023.
Dropbox Layoffs: Tech Firm To Fire 20% Of Its Workforce Amid Restructuring
Recently, the company announced its fiscal Q2 results for 2024, reporting total revenue of $634.5 million—a 1.9 per cent increase compared to the same period last year
Dropbox lays off 20% of staff, says it overinvested and underperformed
Dropbox
previously cut 500 employees in an April 2023 round of
layoffs
. At the time, Houston said that
Dropbox
's business was profitable but growth was slowing. Today, Houston said that
Dropbox
is "still not delivering at the level our customers deserve or ...
Dropbox is laying off 20% of its staff
Dropbox is laying off 20% of its staff as the cloud storage company undergoes what CEO Drew Houston calls a "transitional period."
Dropbox cuts its workforce by 20 percent in latest round of layoffs
Dropbox is cutting its workforce by 20 percent today — laying off 528 people — amid slowing growth for its core cloud storage business. The latest round of cuts comes after Dropbox laid off around 500 people in early 2023 to redirect efforts to its AI division.
Dropbox plans to layoff nearly 20% staff globally; sees Q3 results in-line or above guidance
Dropbox (NASDAQ:DBX) said it is reducing its global workforce by about 20% to streamline its team structure and align with its long-term growth initiatives and profitability goals. Shares of the San Francisco-based company rose about 3% on Wednesday.
Dropbox lays off 20% of workforce
Trump, Supermicro shock, Russia vs Google, Sony studio shutdown. Plus: Earnings from Microsoft, Meta, eBay, Roku, Coinbase in the latest edition of Fortune's flagship tech newsletter.
Dropbox to reduce global workforce by 20% amid ‘softening demand’
Today, our cofounder and CEO Drew Houston shared the difficult news that we’ll be making reductions to our global workforce. He
2d
on MSN
Dropbox lays off 20% of employees and joins Big Tech's flattening trend. Read CEO Drew Houston's memo.
Dropbox's CEO cited external factors and "excess layers of management slowing us down" when announcing the layoffs.
The Register on MSN
1d
Dropbox to shed another 500 staff, CEO takes 'full responsibility'
Cloudy file-shifter Dropbox has axed about 20 percent of its staff, its second round of layoffs in less than two years. CEO ...
ReadWrite
1d
Dropbox is laying off 20% of its staff after structure becomes ‘overly complex’
The file hosting service Dropbox is reducing its global workforce by 20% as it says its current structure is no longer ...
2d
Dropbox lays off 171 workers in California
The website you are visiting is protected and accelerated by Incapsula. Your computer may have been infected by malware and ...
abp LIVE
12h
Tech Layoffs: Job Cut Wave Shows Signs Of Stabilisation As Numbers Fall In October
October’s figures indicate a further decline, marking one of the lowest points for layoffs since 2023 and reinforcing the ...
PhoneArena
22h
Dropbox is axing jobs, 528 employees are laid off
Houston explained that Dropbox's traditional file synchronization and sharing business has reached a plateau, prompting the company to shift its growth strategy toward products like Dash, a search ...
2d
on MSN
Dropbox Lays Off Hundreds of Staff as Company Heads into “Transitional Period”
Dropbox has announced it is letting go of over 500 employees in a bid to create a more efficient business structure.
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