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Dropbox announces new strategic initiative by June 30, 2025
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Resolution / Starting Odds
Acquisition of another company • 25%
New product launch • 25%
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Official announcements from Dropbox or reputable news sources
Story
Dropbox to Lay Off 20% of Workforce, 528 Employees, Amid Transitional Period
Oct 30, 2024, 01:13 PM
Dropbox has announced a significant reduction in its global workforce, laying off 20% of its employees. The cloud company, led by CEO Drew Houston, is letting go of 528 staff members as it navigates a transitional period. This move is part of a broader strategy to adapt to changing market conditions. The company's stock was down 1.6% in pre-market trading following the announcement.
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