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Dropbox plans to cut about 9% of workforce as technology chief exits
The company estimates $27 million to $33 million in layoff costs and expects third-quarter results to meet or exceed its earlier guidance.
Dropbox plans to eliminate about 9% of its global workforce, the file hosting company said in an October 28 regulatory filing. It said the cuts are intended to bring investment into line with its leading product and growth priorities.
The company put the expected cost of the layoffs at $27 million to $33 million, mainly for severance and related expenses. It expects to book most of that expense during the fourth quarter and the rest in 2027.
Dropbox reported a full-time headcount of 2,113 as of December 31. The filing also said Chief Technology Officer Ali Dasdan would leave his role effective November 18.
The departure follows a change at the top in May, when CEO and co-founder Andrew Houston stepped down and insider Ashraf Alkarmi was promoted to replace him.
In a separate update, Dropbox said it expects third-quarter revenue and adjusted operating margin to meet or exceed the levels in its previous guidance.