Dropbox lays off 20% of staff that totals to 528 employees

Miles J. Edwards October 30, 2024

0 Less than a minute

Credit: Dropbox

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.

Miles J. Edwards

Founder & Creative Chief Architect, Art, Trade & Lifestyle Media Group Miles J. is an award-winning professional writer, filmmaker, and journalist with three decades of deep-rooted expertise in media production and investigative storytelling. As the founder and Creative Chief Architect of Art, Trade & Lifestyle Media Group, he leads editorial strategy and high-fidelity content development across expanding regional bureaus, focusing on the critical intersections of public policy, emerging technology, and urban infrastructure. A native of the California Bay Area and a long-time resident and community advocate in metro Atlanta, Miles J. brings a unique, bi-coastal perspective to modern journalism. His current editorial work includes building comprehensive policy blueprints for state gubernatorial races and producing forward-looking docuseries that examine municipal development, transit innovations, and workforce evolution. Committed to lifelong learning and cutting-edge industry standards, he actively couples traditional journalistic integrity with modern marketing management frameworks to shape the future of digital news architecture. Expertise: Public Policy, Emerging AI Technologies, Transit Infrastructure, Urban Development, Media Architecture. Credentials & Affiliations: Member of the Atlanta Media Press Core, Project Callisto Search Quality Evaluator.