Dropbox Layoffs 2024 Presidential. Dropbox is laying off around 500 employees, making up about 16 percent of the company’s entire workforce. Dropbox is cutting its workforce by approximately 20%, a move prompted by a slowdown in growth within the cloud storage sector, the company announced wednesday.

In a memo to employees, dropbox ceo drew houston attributes. Dropbox is laying off 20% of its workforce as the cloud company undergoes what ceo drew houston calls a “transitional period.” in a letter to staff, houston said that the.