https://layoffcheck.com/companies/dropbox Layoff and WARN notices reported for Dropbox. en-us https://layoffcheck.com/companies/dropbox#2024-10 https://layoffcheck.com/companies/dropbox#2024-10-576 Wed, 30 Oct 2024 12:00:00 GMT Dropbox cut 527 employees, 20% of its workforce, on October 30, 2024, as CEO Drew Houston pointed to "softening demand and macro headwinds" squeezing the company's core file-storage business. Revenue growth had slowed to 1.9% year-over-year in Q2, the weakest quarter in company history, and the platform added just 63,000 new users against a base of 18 million. Houston, who took personal responsibility for the decision in a staff message, said the company was eliminating areas of "over-investment" to build a "flatter, more efficient" organization. "As CEO, I take full responsibility for this decision," he told employees, acknowledging the company was "not delivering at the level our customers deserve." The restructuring came as Dropbox doubled down on AI with its Dropbox Dash enterprise search tool. Affected workers received severance, equity payments, healthcare continuation and job placement services. Total cash expenditures from the cuts were estimated at $63 to $68 million, most of which was expected to hit in Q4 2024. https://layoffcheck.com/companies/dropbox#2023-04 https://layoffcheck.com/companies/dropbox#2023-04-1847 Thu, 27 Apr 2023 12:00:00 GMT Dropbox reported a workforce reduction in SF Bay Area in April 27, 2023. https://layoffcheck.com/companies/dropbox#2021-01 https://layoffcheck.com/companies/dropbox#2021-01-3789 Wed, 13 Jan 2021 12:00:00 GMT Dropbox reported a workforce reduction in SF Bay Area in January 13, 2021.