Dropbox Layoffs 500 Employees to Build Out its AI Division
Dropbox layoffs 500 employees to build out its AI division says Dropbox CEO Drew Houston
Dropbox layoffs 500 employees, making up about 16% of the company’s entire workforce. Dropbox CEO Drew Houston blames the layoffs on the unstable economy in a note to staff, but he also claims that they will help the business expand its AI section.
“In an ideal scenario, we would simply switch individuals across teams. Everywhere we could, we’ve done it, says Houston. But for our next stage of growth, a distinct combination of skill…