“I’ve said in the past that our business is stable and profitable. So why would we take a step like this? What’s changed?”
Dropbox is profitable and firing 500 people, about 16% of staff, anyway. Houston blames slowing growth and “the AI era of computing,” then admits some teams just weren’t executing. The laid off get sixteen weeks of pay and a calendar invite within 30 minutes. AI didn’t take these jobs. A CEO chasing a hype cycle did.