BusinessPhoto: News18 TechDropbox Cuts 9% Workforce; CTO Ali Dasdan to Exit
Dropbox announced a 9% reduction in its global workforce, affecting around 200 jobs across Engineering, Product, Design, and Administrative teams. CTO Ali Dasdan will leave the company on November 18. The restructuring aims to align spending with long-term growth priorities and will incur $27-$33 million in severance costs. Ashraf Alkarmi, the new CEO, emphasized focusing resources on future growth areas.
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