Dropbox plans 9% workforce cut, technology chief to exit
DBX•Dropbox plans to cut about 9% of its global workforce and estimates the layoffs will cost $27 million to $33 million. Chief Technology Officer Ali Dasdan will step down effective November 18, while the company expects third-quarter revenue and adjusted operating margin to be in line with or above prior guidance.
1. Workforce reduction
Dropbox said it would cut about 9% of its global workforce to align investments with its top product and growth priorities. The company estimates the layoffs will cost $27 million to $33 million, primarily in severance and related costs, and expects to recognize most of the costs in the fourth quarter, with the remainder in 2027. As of December 31, the company had 2,113 full-time employees.
2. Leadership and outlook
Chief Technology Officer Ali Dasdan will step down effective November 18. Separately, Dropbox said it expects third-quarter results to be in line with or above its prior guidance for revenue and adjusted operating margin.
