Dropbox Cutting 20% of Staff Amid ‘Softening Demand’
What’s going on at Dropbox?
Dropbox is slashing approximately 20 per cent of its global workforce, or 528 jobs, as the tech company undergoes a “transitional period.”
CEO Drew Houston told staff in a letter on Oct. 30 that he takes full responsibility for the decision.
“We continue to see softening demand and macro headwinds in our core business,” Houston said.
“But external factors are only part of the story. We’ve heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down.”
He added that more details about Dropbox’s 2025 strategy will be shared in the coming days.
SEE ALSO
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Canadian staff affected
Houston noted in his letter to staff that impacted “Canada-based workers” will be eligible for a “one-month healthcare extension” among other benefits.
Dropbox didn’t disclose how many Canadian jobs are being eliminated during the latest round of restructuring.
According to LinkedIn, the company employs more than 160 people in the country.
If you’re a non-unionized employee, check out our Dropbox Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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