Dropbox Inc. (DBX)
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox will lay off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. Dropbox will be making cuts to the parts of its business where the company is "over-invested or underperforming" while working towards a "flatter, more efficient" team structure, Houston wrote.
Dropbox to cut 20% of workforce as it moves to boost growth
Dropbox Inc.'s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it's cutting about 20% of its global workforce in an effort to streamline its structure.
Dropbox is laying off 20% of its staff
Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a “transitional period.”
Dropbox (DBX) Registers a Bigger Fall Than the Market: Important Facts to Note
The latest trading day saw Dropbox (DBX) settling at $25.79, representing a -1.86% change from its previous close.
Dropbox (DBX) Stock Drops Despite Market Gains: Important Facts to Note
In the most recent trading session, Dropbox (DBX) closed at $26.14, indicating a -0.49% shift from the previous trading day.
Dropbox (DBX) Exceeds Market Returns: Some Facts to Consider
Dropbox (DBX) closed at $25.81 in the latest trading session, marking a +1.3% move from the prior day.
Why Dropbox (DBX) is a Top Growth Stock for the Long-Term
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Dropbox (DBX) Falls More Steeply Than Broader Market: What Investors Need to Know
In the closing of the recent trading day, Dropbox (DBX) stood at $25.05, denoting a -1.49% change from the preceding trading day.
Dropbox (DBX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Dropbox (DBX) closed at $24.82 in the latest trading session, marking a -0.44% move from the prior day.
Here's Why Dropbox (DBX) is a Strong Momentum Stock
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Dropbox (DBX) Stock Sinks As Market Gains: Here's Why
In the most recent trading session, Dropbox (DBX) closed at $24.47, indicating a -0.08% shift from the previous trading day.
Here's Why Dropbox (DBX) is a Strong Growth Stock
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