OtherUS

Dropbox Layoffs

January 2021

Dropbox announced a layoff affecting 315 employees (15% of its workforce) in January 2021. The company operates in the Other sector.

People Affected

315

Percentage

15%

Announced Date

Jan 13, 2021

About

Dropbox is reducing its global workforce by approximately 11%, which translates to about 315 employees being laid off. The announcement was made by CEO Drew Houston in an employee memo on Wednesday, citing the need to create a healthy and thriving business for the future. The company aims to refocus on key priorities such as evolving its core experience, investing in new products, and driving operational excellence. This restructuring follows Dropbox's shift to a permanent remote work policy, which has reduced the need for in-office resources. Additionally, Chief Operating Officer Olivia Nottebohm will be leaving the company on February 5.