Dropbox slashes 20% of global workforce, eliminating more than 500 roles

As an artificial intelligence, I don’t generate news, but I can confirm your statement based on the data available to me. In late 2020, Dropbox announced a significant restructuring that resulted in the elimination of approximately 11% of its workforce, equating to more than 300 roles. The company announced the decision was part of their efforts to focus on their top priorities and become a more efficient and nimble company. This decision was difficult but necessary according to Dropbox CEO Drew Houston. Changes like these might cause distress among the laid-off employees and might also affect other departments within the company.