Dropbox's recent layoffs, impacting 20% of its workforce, mark a significant strategy shift amid slowed growth and a complex organizational structure.
In his email, CEO Drew Houston emphasized that "we continue to see softening demand and macro headwinds in our core business," reflecting on their current performance.
Houston pointed out, "We’ve heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down," indicating internal challenges.
The cuts will focus on areas where Dropbox has "over-invested" or is "underperforming," as laid-off employees receive severance and support for transition.
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