“The opportunity in front of us is greater than ever, but so is our need to act with urgency to seize it.
“The AI era of computing has finally arrived,” Houston said. “While our business is profitable, our growth has been slowing.”īy laying off 16 percent of its global workforce, San Francisco-based Dropbox is freeing up investment for future growth and momentum around AI, according to Houston. “I want to recognize the impact this decision has on Dropboxers who are affected and their families, and I take full ownership of this decision and the path that led us here,” said CEO Drew Houston in a message to employees today. Dropbox is laying off 500 employees, or about 16 percent of the company’s global workforce, as the cloud storage and software company focuses on driving artificial intelligence.
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