Dropbox: Dropbox fires 20% staff; 528 people impacted: report

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Dropbox, a cloud company offering cloud storage and client software facilities, announced the layoff of 20% of its workforce impacting a total of 528 people.

In a letter to staff, the cloud company’s CEO Drew Houston said that the company is going through a significant transition as it shifts from a mature Financial Shared Services (FSS) business to focus on future growth with new products like Dash.

“And while I’m proud of the progress we’ve made in the last couple of years in some parts of the business, we’re still not delivering at the level…



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Dropbox: Dropbox fires 20% staff; 528 people impacted: report


Dropbox, a cloud company offering cloud storage and client software facilities, announced the layoff of 20% of its workforce impacting a total of 528 people.

In a letter to staff, the cloud company’s CEO Drew Houston said that the company is going through a significant transition as it shifts from a mature Financial Shared Services (FSS) business to focus on future growth with new products like Dash.

“And while I’m proud of the progress we’ve made in the last couple of years in some parts of the business, we’re still not delivering at the level…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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