Dropbox slashes 20% of global workforce, eliminating more than 500 roles

https://www.cnbc.com/2024/10/30/dropbox-slashes-20percent-of-global-workforce-eliminating-500-roles.html

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced in a note to staff.

Dropbox will be making cuts to the parts of its business where the company is “over-invested or underperforming” while working toward a “flatter, more efficient” team structure, Houston wrote.

The move follows a 16% cut to Dropbox’s workforce in April 2023, which affected 500 staffers.