The layoffs will cost the company $63 million to $68 million in severance pay packages
San Francisco, California – In a move to help the tech company reorganize during its periord of restructuring. Dropbox has announced that it will be laying of 20% of its workforce.
Dropbox has been reported to be struggling to keep up with other rivals such as Google Drive and Box. This is Dropbox’s second time cutting their workforce in a year and a half period. Dopbox laid of 16% (500 employees) of their staff in April of 2023.