Dropbox is laying off roughly 9% of its workforce. Read the memo.
Source: Business Insider ·
Co-CEO Ashraf Alkarmi said Dropbox is profitable but needs to make "hard choices" about where it spends its money.
From the source
Dropbox announced layoffs of roughly 200 workers.Jakub Porzycki/NurPhoto via Getty ImagesDropbox co-CEO Ashraf Alkarmi announced layoffs of roughly 200 workers.Alkarmi said the cloud-based storage company is profitable but needs to make "hard choices."You can read his full email to employees below.Dropbox is dropping the layoffs hammer.Dropbox co-CEO Ashraf Alkarmi announced on Wednesday that the cloud-based storage company is laying off roughly 9% of its global workforce."Today, we're making difficult choices about where we invest and how we organize Dropbox to achieve the product and growth priorities that will matter most for our long-term strategy," Alkarmi wrote in an email to workers that the company posted publicly.Alkarmi said Dropbox is eliminating roughly 200 roles across its across Engineering, Product, Design, and G&A team. The company, Alkarmi wrote, is profitable but needs to make "hard choices" about where it spends its money."Delivering on that strategy requires…