Dropbox to cut 20% of workforce as it moves to boost growth

Date:

October 30, 2024

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting about 20% of its global workforce in an effort to streamline its structure.

Source link

Need a soundtrack for an L.A. stroll? There's a walking podcast for that

How Daniel Jones, Giants' futile offense are even worse than you think

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Dropbox to cut 20% of workforce as it moves to boost growth

Recent posts

Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared

GameStop’s stock continues its rise, registering longest winning streak in four months

U.K. borrowing costs rise in volatile trade after budget delivered

Israeli strikes on Iran’s ‘oil island’ could send crude prices soaring

China’s rally still has ‘more legs,’ Goldman Sachs says

Gold falls to a more than two-week low, gets caught up in risk-asset selloff

Target’s stock rockets as store traffic grows, discretionary spending picks up

Newell’s stock soars after earnings again, as turnaround efforts take shape

Coinbase may be facing regulatory action over its accounting for crypto assets

Oil prices rise over 3% as Israel weighs response to Iran missile attack

Want solar panels and clean-energy home improvements? Here’s what the IRS paid people for upgrades last year.

Fed’s Barkin: More data is needed before any changes are made to interest rates

Medicare patients could get emergency treatment at home under new bill

J.D. Vance warns of deliberate ‘bond-market death spiral’ if Trump is elected

The 2024 presidential election is entering its most volatile period for the stock market

Related articles

Biden needs to push through promised student-loan relief before Trump returns to White House, powerful Democrat warns

Why natural-gas prices have rallied 18% this week to a one-year high

Here’s Larry Summers’ advice to Trump on the economy and Elon Musk

Trump’s choice of Dr. Oz to oversee Medicare and Medicaid could be ‘devastating’ for millions of Americans

Buy gold after its pullbacks — because it may hit $3,000 in 2025

Bitcoin sits near record high. More good news for investors: It’s now less volatile.

RFK Jr. may start a food and drug ‘culture war.’ Investors are running for cover.

Here’s what bond and gold traders are signaling about Russia’s nuclear shift

Company

Follow us