Dropbox announces reduction of global workforce by about 9%

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 28 Oct, 14:42 UTC

In a significant move, Dropbox Inc will reduce its global workforce by roughly 9%, expecting to incur extra costs of $20 million to $25 million. The cash costs linked to this workforce cut are estimated to be between $27 million and $33 million.