Loading...
Market
What will be the primary area of growth focus for Dropbox by end of 2025?
2
Resolution / Starting Odds
AI and machine learning • 25%
Cloud storage enhancements • 25%
Collaboration tools • 25%
Other • 25%
Official announcements from Dropbox or major tech news outlets
Story
Dropbox to Cut 20% of Workforce, Affecting 528 Employees Amid Strategic Shift
Oct 30, 2024, 02:26 PM
Dropbox has announced plans to lay off 20% of its global workforce, impacting approximately 528 employees, as it undergoes a transitional period. CEO Drew Houston stated that the layoffs aim to make the business more efficient amid slowing growth in its core cloud storage services. The company is shifting from a mature Financial Shared Services (FSS) business to focus on future growth opportunities. The layoffs will result in $63 million to $68 million in cash expenditures and $47 million to $52 million in severance-related costs.
View original story
Similar markets
Artificial Intelligence • 25%
Cloud Storage Enhancements • 25%
Enterprise Solutions • 25%
Other • 25%
Acquisition of another company • 25%
New product launch • 25%
Partnership with another tech company • 25%
Other strategic move • 25%
Increases • 25%
Decreases • 25%
Remains the same • 25%
Significantly increases • 25%
Increases significantly • 25%
Increases slightly • 25%
Remains stable • 25%
Decreases • 25%
Outperforms the tech sector • 25%
Performs in line with the tech sector • 25%
Underperforms the tech sector • 25%
Significantly underperforms the tech sector • 25%
Outperforms peers • 25%
Performs on par with peers • 25%
Underperforms peers • 25%
Significantly underperforms peers • 25%
Significant improvement in automation efficiency • 25%
Moderate improvement in automation efficiency • 25%
No significant change in automation efficiency • 25%
Deterioration in automation efficiency • 25%
North America • 25%
Europe • 25%
Asia-Pacific • 25%
Other • 25%