#Dropbox number of employees free#

We’ll need all hands on deck as machine intelligence gives us the tools to reimagine our existing businesses and invent new ones. These transitions are never easy, but I’m determined to ensure that Dropbox is at the forefront of the AI era, just as we were at the forefront of the shift to mobile and the cloud. Companies that held onto the past or tried to have it all did not. Companies that embraced a new reality and took decisive action did well. As the world moved from physical film to digital photography, or from land lines to wireless communication, or from DVD rentals to streaming, opportunity and disruption went hand-in-hand. Change is constant in our business, and technology transitions over the last few decades are instructive. Building for the future The changes we’re announcing today, while painful, are necessary for our future. Team leaders will be following up with more details on any impact to your org shortly. We’re also realigning and refocusing our business teams to reflect proportionate adjustments to the product development teams they support and refinements to our strategy. For example, we’re consolidating our Core and Document Workflows businesses to reflect renewed focus on integrating our customers’ key workflows seamlessly within our core FSS product. We’re also streamlining how the company is organized. Organizational changes Today’s changes were the result of taking a hard look at our strategic priorities and organizational structure as a leadership team, and aligning to principles of sustainable financial growth, efficiency, and flexibility to invest in our future.

Job placement: Job placement services and career coaching will be available at no cost. Devices: Impacted employees will be eligible to keep company devices (phones, tablets, laptops, and peripherals) for personal use. Healthcare: All employees will be eligible for up to six months of COBRA in the US, and similar equivalents where applicable internationally, as well as Modern Health support. All impacted employees will receive their Q2 equity vest. Those leaving will be eligible to receive the following benefits and support: Severance and equity: Impacted employees will be eligible for sixteen weeks of pay, with one additional week of pay for each completed year of tenure at Dropbox. Taking care of impacted employees To all of you impacted by today’s news, we’re committed to doing as much as we can to take care of you through this transition. I’m truly sorry that as a result of these decisions, we have to part ways with Dropboxers and valued teammates who have made many contributions to the company.

#Dropbox number of employees free#

So we’ve made more significant cuts in these areas in order to free up investment in our future growth. In others, we haven’t been executing consistently or managing performance as tightly as we need to. In some areas, investments that showed promise before the downturn have more limited potential today. And we need to acknowledge some other hard truths. We’ve been bringing in great talent in these areas over the last couple years and we'll need even more. However, our next stage of growth requires a different mix of skill sets, particularly in AI and early-stage product development.

In an ideal world, we’d simply shift people from one team to another. However, this momentum has also alerted our competitors to many of the same opportunities. Over the last few months, AI has captured the world’s collective imagination, expanding the potential market for our next generation of AI-powered products more rapidly than any of us could have anticipated. The opportunity in front of us is greater than ever, but so is our need to act with urgency to seize it. And we’ve been building towards this future for a long time, as this year’s product pipeline will demonstrate. We’ve believed for many years that AI will give us new superpowers and completely transform knowledge work. Second, and more consequentially, the AI era of computing has finally arrived. As a result, some investments that used to deliver positive returns are no longer sustainable. Part of this is due to the natural maturation of our existing businesses, but more recently, headwinds from the economic downturn have put pressure on our customers and, in turn, on our business. First, while our business is profitable, our growth has been slowing.