Dropbox Layoffs On 528 Employees For Company Efficiency

Employee layoff dropbox (photo: Dropbox)

JAKARTA - One of the Founders and CEOs of Dropbox, Drew Houston announced that they had terminated employment (PHK) or layoffs on 528 employees, or about 20 percent.

In an announcement on its latest blog, Houston said that this decision was taken to simplify the team structure to be more efficient and adapt to increasingly challenging business conditions in the future.

We continue to see weakened demand and macro drags in our core business. We have heard from many of you that our organizational structure has become too complicated, with the overly management layer slowing us down," Houston said.

He also emphasized that these employee cuts were taken in areas he considered less productive. Thus, the company is expected to be ready to compete in a fast-moving market, and achieve more aggressive growth.

The steps we took today are needed to strengthen our core products and accelerate the growth of our new products. We will share more about our 2025 strategy in the next few days," he concluded.

As the person in charge of this decision, Houston is committed to assisting the affected employees to receive rights to sixteen weeks of salary and receive their Q4 equity vests.

In addition, the company will also pay the remaining paid leave at this time and the final approved paid leave, including medical or family leave.

I know this is very difficult and unpleasant news. To everyone leaving Dropbox, I am very grateful for everything you have done for our company and customers," he concluded.