Cloud Storage Service Dropbox Lays Off 500 Employees

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[{"selector":"#anim-6f073c59-a3d0-4c83-bcac-1d0f91037fc1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81631922-043b-487d-b9ea-e09f325e74c6","keyframes":{"transform":["translate3d(-116.72475%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-0583225a-9050-47c2-ab05-bc86fb38dc00","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77c3361d-74fc-4a22-a5ba-bd3c100c757e","keyframes":{"transform":["translate3d(-117.32853%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

[{"selector":"#anim-90d2846a-c218-464c-9ce0-399f17115cb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-269bf4de-da7e-4b8d-92c6-058c4d84c44f","keyframes":{"transform":["translate3d(-117.84387%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 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

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Cloud Storage Service Dropbox Lays Off 500 Employees

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