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Dropbox is Laying Off 20% of Its Staff
Wednesday October 30, 2024. 03:40 PM , from Slashdot
'As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change,' he wrote. 'This market is moving fast and investors are pouring hundreds of millions of dollars into this space. This both validates the opportunity we've been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action.' According to a filing with the SEC, Dropbox estimates it'll lay out total cash expenditures of $63 million to $68 million on the layoffs, primarily in the form of severance and benefits, and recognize $47 million to $52 million of incremental expense. Read more of this story at Slashdot.
https://slashdot.org/story/24/10/30/1416240/dropbox-is-laying-off-20-of-its-staff?utm_source=rss1.0m...
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