So why would we take a step like this? What's changed?įirst, while our business is profitable, our growth has been slowing. I've said in the past that our business is stable and profitable. You'll also have some time today and tomorrow to wrap up and say goodbye to colleagues.

If you've been impacted, you'll be sent a calendar invitation within the next 30 minutes for a 1:1 with a leader on your team and a member of the People team to go through details of your departure, package, and to ask any questions you may have. I'm writing to share that I’ve made the difficult decision to reduce our global workforce by about 16%, or 500 Dropboxers.įirst and foremost, I want to recognize the impact this decision has on Dropboxers who are affected and their families, and I take full ownership of this decision and the path that led us here.

He sent the following email to all employees: Today, our cofounder and CEO Drew Houston shared the difficult news that we’ll be making reductions to our global workforce.

Ceo of drop box