Dropbox Layoffs Affect 500 Employees
This is a Houston news story, published by Gizmodo, that relates primarily to Drew Houston news.
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DropboxGizmodo
•Dropbox CEO 'Takes Full Accountability' as He Fires 500 People
70% Informative
Dropbox CEO Drew Houston announced a round of layoffs affecting 500 employees.
The cloud storage company will cut 16% of its staff in 2023 .
Houston will remain on as CEO and has a multi-billion dollar stake in the company.
The company has been outgunned by bigger rivals that offer cloud storage but at a much larger scale.
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