{"id":11815,"date":"2024-10-31T00:00:39","date_gmt":"2024-10-31T00:00:39","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/31\/dropbox-slashes-20-of-global-workforce-eliminating-more-than-500-roles\/"},"modified":"2024-10-31T00:00:39","modified_gmt":"2024-10-31T00:00:39","slug":"dropbox-slashes-20-of-global-workforce-eliminating-more-than-500-roles","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/31\/dropbox-slashes-20-of-global-workforce-eliminating-more-than-500-roles\/","title":{"rendered":"Dropbox slashes 20% of global workforce, eliminating more than 500 roles"},"content":{"rendered":"<p class=\"\">Dropbox\u00a0is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff.<\/p>\n<p class=\"\">The company is in a \u201ctransitional period\u201d as its file sync and share business and its Dash artificial-intelligence search feature mature, Houston\u00a0wrote.<\/p>\n<div><\/div>\n<p class=\"\">\u201cNavigating this transition while maintaining our current structure and investment levels is no longer sustainable,\u201d he said in his note.<\/p>\n<p class=\"\">The move follows a 16% cut to Dropbox\u2019s workforce in\u00a0April 2023, which affected 500 staffers. At the time, Houston wrote that the cuts were due to slowing growth, economic headwinds and the need to invest more resources and head count into the increasingly competitive\u00a0AI race.<\/p>\n<p class=\"\">Dropbox will be making cuts to the parts of its business where the company is \u201cover-invested or underperforming\u201d while working toward a \u201cflatter, more efficient\u201d team structure, Houston wrote.<\/p>\n<p class=\"\">\u201cWe continue to see softening demand and macro headwinds in our core business,\u201d Houston wrote. \u201cBut external factors are only part of the story. We\u2019ve heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down.\u201d<\/p>\n<p class=\"\">Affected employees will receive 16 weeks of pay, starting Wednesday, with one additional week of pay for each completed tenure year at the company.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dropbox\u00a0is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a \u201ctransitional period\u201d as its file sync and share business and its Dash artificial-intelligence search feature mature, Houston\u00a0wrote. \u201cNavigating this transition while maintaining our current structure and investment [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=11815"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11816"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}