Dropbox plans 9 percent workforce cut and CTO exit
Dropbox plans to reduce its global workforce by roughly 9 percent and will see its technology chief step down next month. The cloud storage company expects restructuring costs up to 33 million dollars.
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Dropbox INC-CLASS A will cut its global workforce by 9% and incur up to $33M in restructuring costs. The cloud storage provider is realigning investments behind its core product and growth priorities. The cuts follow leadership turnover under CEO Ashraf Alkarmi following the departure of co-founder Andrew Houston in May.
