Highlights

  • Dropbox laying off 500 employees
  • Layoffs will allow to build new AI division
  • Affected employees will get 16 weeks of pay

Latest news

Luthra brothers deny managing Goa nightclub, allege vindictive action after deadly fire

Luthra brothers deny managing Goa nightclub, allege vindictive action after deadly fire

Foreign secy Misri meet US trade representative Switzer, discussions include ongoing trade negotiations

Foreign secy Misri meet US trade representative Switzer, discussions include ongoing trade negotiations

Nagaland's Hornbill Festival draws curtains with local culture taking centre-stage, visitors share unforgettable experiences

Nagaland's Hornbill Festival draws curtains with local culture taking centre-stage, visitors share unforgettable experiences

Realme Watch 5 Review: A budget smartwatch that gets the basics right

Realme Watch 5 Review: A budget smartwatch that gets the basics right

Realme P4x Review: Budget performer with a beast of a battery

Realme P4x Review: Budget performer with a beast of a battery

Kapil Sharma's 'The Great Indian Kapil Show' to stream on Netflix in December

Kapil Sharma's 'The Great Indian Kapil Show' to stream on Netflix in December

DGCA asks IndiGo CEO to appear on Thursday with full data on flight disruptions, updates

DGCA asks IndiGo CEO to appear on Thursday with full data on flight disruptions, updates

Virat Kohli rises to No 2 to ODI rankings, Rohit Sharma retains top spot

Virat Kohli rises to No 2 to ODI rankings, Rohit Sharma retains top spot

Dropbox CEO lays off 500 workers for AI, reassures profitability

Dropbox is laying off 500 employees, which represents about 16% of its workforce

Dropbox CEO lays off 500 workers for AI, reassures profitability

Dropbox is laying off 500 employees, which represents about 16% of its workforce. The company is doing this in order to build out its AI division. Drew Houston, the company's CEO, has stated that these job cuts are necessary in order to acquire the right mix of skills to fuel the company's next stage of growth. Despite the current economic situation, Houston has assured employees that Dropbox is still profitable, and that these changes are part of the "natural maturation" of the business. Employees who are affected by these layoffs will receive a minimum of 16 weeks of pay, healthcare for up to six months, and job placement support.

ADVERTISEMENT

Up Next

Dropbox CEO lays off 500 workers for AI, reassures profitability

Dropbox CEO lays off 500 workers for AI, reassures profitability

Realme P4x Review: Budget performer with a beast of a battery

Realme P4x Review: Budget performer with a beast of a battery

OnePlus Pad Go 2 First Look: Larger display, more polish, but does it work?

OnePlus Pad Go 2 First Look: Larger display, more polish, but does it work?

Nothing Phone 3a Community Edition ASMR Unboxing & First Look: For the fans, by the fans

Nothing Phone 3a Community Edition ASMR Unboxing & First Look: For the fans, by the fans

Comic Con Delhi 2025: Sony PlayStation Leads the Floor

Comic Con Delhi 2025: Sony PlayStation Leads the Floor

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

ADVERTISEMENT

editorji-whatsApp

More videos

Vivo X300 Pro Review: Pro-grade cameras, fantastic performance, but is it truly unbeatable?

Vivo X300 Pro Review: Pro-grade cameras, fantastic performance, but is it truly unbeatable?

Realme Watch 5 First Look: Inside the factory where It’s Made in India

Realme Watch 5 First Look: Inside the factory where It’s Made in India

Vivo X300 Review: Compact flagship, powerful performance, but what about the cameras?

Vivo X300 Review: Compact flagship, powerful performance, but what about the cameras?

Nothing Phone 3a Lite Review: Easy to like, but is it good value for money?

Nothing Phone 3a Lite Review: Easy to like, but is it good value for money?

iQOO 15 Review: A premium leap that finally puts iQOO in the top tier

iQOO 15 Review: A premium leap that finally puts iQOO in the top tier

Realme GT 8 Pro Dream Edition: Premium or Just Racing Paint? Full Review  

Realme GT 8 Pro Dream Edition: Premium or Just Racing Paint? Full Review  

Blaupunkt 65-inch Google Mini QD TV Review: The Surprise Package of 2025?

Blaupunkt 65-inch Google Mini QD TV Review: The Surprise Package of 2025?

Oppo Find X9 Pro Review: Massive Battery, Pro Cameras, Big Price — Worth It?

Oppo Find X9 Pro Review: Massive Battery, Pro Cameras, Big Price — Worth It?

Vivo X300 & X300 Pro Hands-On: Still the camera king?

Vivo X300 & X300 Pro Hands-On: Still the camera king?

OnePlus 15 Review: Playing the Long Game?  (ft iPhone 17 & OnePlus 13)

OnePlus 15 Review: Playing the Long Game? (ft iPhone 17 & OnePlus 13)

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.