Cloud Storage Service Dropbox Lays Off 500 Employees

Image source: Google Play

Produced by: Sahil Pawar

Dropbox, the biggest cloud storage service in the world, today said it would be letting go of 16% of its staff, or about 500 people.

Image source: Canva

The layoffs are due to slow growth and, according to CEO Drew Houston, the fact that the AI era of computing has finally arrived.

Image source: PitchBook

These appear to be the business's first layoffs since 315 employees were fired in January 2021 as a result of the COVID-19 outbreak.

Image source: Canva



Top 7 Free Resources To Learn Ethical Hacking With Python

Top 7 AI Courses and Programs in India offered by IITs, IIMs & IISc

Designed by: Prathamesh