Dropbox CEO Drew Houston announced a 20% workforce reduction, citing economic pressures and business refocus. The company claims these changes aim to streamline operations and prioritize new products like Dash. Impacted employees will receive severance, healthcare support, and job placement assistance.

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An update from Drew

Today, our cofounder and CEO Drew Houston shared the difficult news that we’ll be making reductions to our global workforce. Here's the email he sent to all employees.

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