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.

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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

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