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TechRadar

Craig Hale

FORGOTTEN HISTORY: Dropbox is laying off 20 of its staff | History Defined

Dropbox Drew Houston

Dropbox.

Top cloud storage firm Dropbox has confirmed that it will be laying off one in five workers as part of a broader cost-cutting measure to tackle an evolving landscape.

The approximately 20% reduction in headcount, or 528 employees, will take place as part of what CEO Drew Houston described as a “transitional period.” The company also terminated 500 contracts in 2023, and a further 300 in 2021, as the tech sector grappled with a tough economy.

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