5typos.net
Dropbox Lays Off 20% of Company
Drew Houston, on blog.dropbox.com:
I’m writing to let you all know that after careful consideration, we’ve decided to reduce our global workforce by approximately 20% or 528 Dropboxers. As CEO, I take full responsibility for this decision and the circumstances that led to it, and I’m truly sorry to those impacted by this change.
The post has too much corporate mumbo jumbo for my liking:
As we’ve shared over the last year, we’re in a transitional period as a company. Our FSS business has matured, and we’ve been working to build our next phase of growth with products like Dash. However, navigating this transition while maintaining our current structure and investment levels is no longer sustainable.
We continue to see softening demand and macro headwinds in our core business. But external factors are only part of the story. We’ve heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down.
WTH? However, severance packages appear respectable — for US standards — which I respect. Sadly, Dropbox stopped being interesting for me long time go. And I’m sure that the free plan which hosts this blog will be affected sooner or later.