"We're making more significant cuts in areas where we're over-invested or underperforming while designing a flatter, more efficient team structure overall," writes Dropbox CEO Drew Houston.
Dropbox's Q2 was its slowest growth in company history, leading to a significant layoff amid efforts to redirect focus towards its AI division.
Houston mentions that the market is moving towards where the company placed its 'biggest bets,' which includes Dropbox's Dash AI search product.
Affected employees will receive sixteen weeks of severance pay and other benefits, with payouts primarily occurring in fiscal Q4 2024.
Collection
[
|
...
]