Drew Houston, Dropbox's CEO, wrote in a memo to staff that the company is in a transitional period, adding that its main file syncing and sharing business "has matured, and we've been working to ...

CEO Drew Houston will remain in his job. Gizmodo’s Best of 2024 Awards ➜ We may earn a commission when you buy through links ...

In Q2, Dropbox saw the lowest quarter for growth in its history: 1.9% year-over-year growth to $634.5 million. As of August, the company’s shares had lost more than 20% of their value year to date.

The move follows a 16% cut to Dropbox’s workforce in April 2023, which affected 500 staffers. At the time, Houston wrote that the cuts were due to slowing growth, economic headwinds and the ...

At the time, Dropbox stated that it was shifting resources to the development of artificial intelligence features. In today’s blog post, Houston detailed that there are three main factors behind ...

Dropbox launched "Dash for Business," an AI tool to enhance productivity and content management. Dropbox CEO Drew Houston ...

This week’s layoffs come after a difficult year for Dropbox, which reported its lowest growth yet in the second quarter. The company has lost around 20% of its market share since the same time ...

SAN FRANCISCO - San Francisco -based Dropbox announced on Wednesday that it is slashing 20% of its workforce. Former ...

Dropbox is laying off 20% of its workforce ... several town hall meetings to discuss the matter and the company’s future plans, including how its investment in artificial intelligence relates ...

Dropbox (DBX) closed at $24.47, indicating a -0.08% shift from the previous trading day. The Nasdaq 100 closed slightly higher during Tuesday’s session. Investors, meanwhile, focused on some ...

He said the changes would strengthen Dropbox's core product and accelerate the growth of new ones. Dropbox is the latest major company to slash its staff and flatten its organizational structure.

Bank of America Securities analyst Michael Funk reiterated a Sell rating on Dropbox (DBX – Research Report) yesterday and set a price target of $28.00. Michael Funk’s rating is based on ...