Dropbox will lay off 16% of its workforce

Data storage provider Dropbox said on Thursday it will reduce its global workforce by 16% amid the market downturn.

The company’s chief executive Drew Houston said growth for the company’s storage business is slowing as the challenges of the economic downturn put pressure on customers, making some of their investments unsustainable.

At the end of 2022, the company had 3,118 full-time employees, of which 2,583 were located in the United States.

#Dropbox #lay #workforce

Leave a Comment