Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox Inc., a platform that offers cloud storage, file synchronization, and personal cloud, has announced that it will be laying off 315 employees, equivalent to 20% of the global workforce. This is part of a strategic shift towards focusing on evolving the core Dropbox experience and investing in new products. According to chief executive officer Drew Houston, the job cuts were necessary to ensure the company’s long-term success. Dropbox hasn’t specified which roles will be eliminated, but the company stated it was a