Dropbox lays off 20% of staff, says it overinvested and underperformed

Quick Summary:

Dropbox also laid off 500 last year but still had "excess layers of management".

"But external factors are only part of the story.

The company's "current structure and investment levels" are "no longer sustainable," according to Houston.

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Article Details

Author / Journalist: Jon Brodkin

Category: Technology

Markets: United States

Topics: Dropbox

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:03:31 (1 days ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 123 words

Reading Time: 1 minutes read

Sentences: 32 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 23342215

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About Ars Technica

Main Topics: Technology

Official Website: arstechnica.com

Update Frequency: 9 posts per day

Year Established: 1998

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #32

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