



The San Francisco-based company had said in October that remote work due to the COVID-19 pandemic will be a primary experience for its employees and its physical spaces will no longer be for daily individual work. in profits lost, potential layoffs, and reduced growth forecast ahead. Shares fell nearly 6 to 22.26 after Dropbox said Chief Operating Officer Olivia Nottebohm, who joined last year from Alphabet Inc's Google, will step down on Feb. Chief operating officer Olivia Nottebohm will step down on Feb. The layoffs represent about 11 of Dropbox's total staff, and come as Dropbox is reorganizing entirely around remote work.That's one reason for the layoffs, Drew Houston wrote to his staff: 'Our Virtual First policy means we require fewer resources to support our in-office environment, so we're scaling back that investment and redeploying those resources to drive our ambitious product roadmap. Dropbox to layoff 11 of workforce, COO to step down. Locked Out & Laid Off: Amid Mass Layoffs, Fires Employees In India. “Our Virtual First policy means we require fewer resources to support our in-office environment, so we’re scaling back that investment and redeploying those resources to drive our ambitious product roadmap,” chief executive officer Drew Houston said in a letter to employees Wednesday. Aditya Agarwal (Dropboxs Vice President), Matt Mullenweg (WordPress. 5.ĭropbox did not provide details of a replacement for the COO. My bookmarks and passwords are synced and. Shares fell nearly 6 percent to $22.26 after Dropbox said chief operating officer Olivia Nottebohm, who joined last year from Alphabet Inc.’s Google, will step down on Feb. I have personal and work items on my dropbox account and I really dont want them to go through it. The veteran fighting revenge porn on behalf of female Marinesĭropbox files for IPO, values itself at $7 billionĭropbox on Wednesday announced the exit of its operations chief and said it will cut 11 percent of its global workforce, or 315 people, as the file hosting service provider shifts business resources in the wake of the COVID-19 pandemic. Elliott Management owns big Dropbox stake, holds discussionsĭropbox shares surge as much as 50 percent on first day Dropbox to layoff 11 of workforce, COO to step down.
