Dropbox is the latest major company to slash its staff and flatten its organizational structure. In an email sent to employees on Wednesday, its CEO and cofounder, Drew Houston, announced that the ...

[Related: Red Hat Layoffs: Cuts, ‘Cultural Change’, CEO Decision—5 Key Things To Know] In an ideal world, Houston said Dropbox would simply shift employees from one year to another.

Layoffs and other workforce reductions are continuing ... Companies such as CNN, Dropbox, and IBM have previously announced job cuts related to AI. Tech jobs in big data, fintech, and AI are ...

Dropbox (DBX) stock fell after the company warned ... with the decrease due to expenses related to the layoffs announced in October. The upside from cutting jobs is seen in the operating margins ...

The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than ...