While Dropbox made teleworking permanent a few months ago, like many tech companies, the company is coming to announce in a blog post she would part with 11% of its employees. At the end of the day on January 13, 2021, 315 people were notified that their adventure in Dropbox was about to end. A decision difficult, but necessary according to Drew Houston, the CEO of Dropbox.
Dropbox will lay off 315 employees
The tension and sadness can be felt in Drew Houston’s message to his teams yesterday, January 13th. He wrote this: “This is difficult news and I want to send you better news.” We made the difficult decision Reduce the size of our global workforce by 315 peopleor around 11% of the teams. This reduction, while painful, is necessary to implement the new strategies we have shared over the past few months. “.
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Drew Houston had promised his employees that Dropbox could secure jobs for them through 2020. Now that we are in 2021, that’s a different story. According to the Dropbox CEO absolutely needs to make strategic changes to become a healthier and more successful company. It was the toughest decision for Drew Houston, who has headed Dropbox for 14 years.
He continues his statement by specifying the following: “Our Virtual First policy means we need fewer resources to support our work environment. We are therefore reducing this investment and redeploying these resources to achieve our ambitious product roadmap. These changes allow us to offer a more efficient and flexible offer. We have to develop the experience and invest in new products. “.
Thanks are also due to COO Olivia Nottebohm
One of the most important runs is certainly Farewell to Olivia Nottebohm, the COO of Dropbox who will leave the company on February 5th. Drew Houston states the following about him: “Olivia has played an important role in our success and I am very grateful for her contribution. Olivia took a critical look at our business and unified our sales, marketing and support teams to create a more coherent customer experience. She has had a positive impact on the business and we wish her the best of luck on her next adventure. “.
This decision had a direct impact the company’s shares, which fell 4.5%. Dropbox isn’t the only tech company to have parted ways with some of its employees since the Covid-19 crisis. In May, Airbnb announced the layoff of a quarter of its employees. In general, in July 2020 the Wall Street Journal It is estimated that 70,000 technicians had lost their jobs due to the crisis.