Dropbox Cuts 20% Workforce

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Dropbox is laying off 20% of its staff | TechCrunch

Summary

Nutrition label

74% Informative

Dropbox is letting go 20% of its workforce as it undergoes a "transitional period" CEO Drew Houston said the reduction in headcount would impact 528 people.

The cloud company has struggled to grow in recent months .

In Q2 , Dropbox saw the lowest quarter for growth in its history: 1.9% year-over-year growth to $634.5 million .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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Offensive language

not offensive