Dropbox cuts 20% workforce (528 employees) amid slow growth and complex structure.

Dropbox is cutting 20% of its workforce, equating to 528 employees, due to slowing growth in its core cloud storage business and an overly complex organizational structure. CEO Drew Houston noted the need for efficiency amid softening demand and plans to focus on new product development. Affected employees will receive severance and support, while the company intends to unveil its 2025 strategy soon.

5 months ago
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