Comment on Dropbox lays off 20% of staff, says it overinvested and underperformed

Dropbox lays off 20% of staff, says it overinvested and underperformed

Dropbox is laying off 528 employees in a move that will reduce its global workforce by 20 percent, CEO Drew Houston announced today. Houston wrote that Dropbox's core file sync and sharing "business has matured, and we've been working to build our next phase of growth with products like Dash," an "AI-powered universal search" product targeted to business customers.

 

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