Dropbox lays off 500 employees, 16% of staff, CEO says due to slowing growth and ‘the era of AI’

Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs. The company today announced that it would be laying off 16% of its staff, equivalent to about 500 employees, due to slowing growth, and — in the words of CEO Drew Houston — because “the AI era of computing has finally arrived.”
These appear to be the first layoffs the company has made since January 2021, when it laid off 315 employees in the throes of the Covid-19 pandemic.
The latest cull was announced to staff in a memo from CEO and co-founder Drew Houston, as well as in an SEC fil

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