For employees who need to meet or work together in person, the company said it will open “Dropbox Studios” in San Francisco, Seattle, Austin and Dublin when it’s safe to do so. The company said the job cuts will help it focus on its top priorities for the year, which include evolving the core Dropbox experience, investing in new products and driving operational excellence.ĭropbox in October shifted to a standard remote work policy, which will be in place even after the Covid-19 pandemic ends. Dropbox committed to preserve job security through 2020, but Houston said that looking ahead to this year “it’s clear that we need to make changes in order to create a healthy and thriving business for the future.” “The steps we’re taking today are painful, but necessary,” Dropbox CEO Drew Houston said in an employee memo Wednesday. The move will affect 315 people, who will be notified by the end of the business day. Dropbox’s stock dropped more than 3.5% in the morning. Dropbox is cutting its global workforce by about 11%, the company said in an 8K filing released Wednesday.
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