Money

Dropbox fired 315 employees and 11% of employees. COO to resign

Image: CEO Drew Houston. Source: Dropbox

Dropbox plans to dismiss 11% of its employees. This is a reduction that cloud-based file-sharing services have stated to be “painful but necessary” to float during the ongoing COVID-19 pandemic.

In a message shared on Dropbox’s website Wednesday, CEO Drew Houston said the decision (which affects about 315 employees) was the most difficult decision in 14 years under the direction of the company. Said that it is one of.

Houston said the layoffs were partially facilitated by the company’s virtual work policy, which was implemented in October 2020, allowing all employees to work permanently at home.

Trade Commission-Free with Trader Brokerage

This change “means less resources are needed to support the office environment, so reduce that investment and relocate those resources to drive an ambitious product roadmap. doing.”

Houston believes headcount reductions “lead to more efficient and agile Dropbox,” and said it will help focus on this year’s top priorities, such as new product development and the evolution of the company’s core products. It was.

In addition to the layoffs, the San Francisco-based company has announced that Chief Operating Officer Olivia Nottebohm will resign on February 5. The reason for her resignation is not given. Nottebohm, a former vice president of sales and operations for Google Cloud, joined Dropbox last year.

“I’m really sorry to all those affected,” Houston said. “The steps we are taking today are painful, but necessary.”

Employees have been notified today and he said the last day of work will be Thursday. In addition to benefits, dismissed workers are assisted by employment placement and pay up to three months’ worth.

________

Source: Stock News

Following page



Source link

Back to top button