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Cloud storage giant Dropbox sacks 500 employees amid slowing growth

New Delhi: Cloud storage giant Dropbox announced on Thursday that it is laying off 16 per cent of its workforce, or about 500 employees, due to slowing ....

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Dropbox blames AI and the economy for laying off 500 people

Dropbox CEO Drew Houston announced the "difficult" decision in a post on the company's website yesterday. ....

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Dropbox lays off 500 employees as CEO touts AI future

"Our next stage of growth requires a different mix of skill sets, particularly in AI and early-stage product development. We’ve been bringing in great talent in these areas over the last couple years and we’ll need even more," said the Dropbox boss ....

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Oak Thistle LLC Takes $281,000 Position in Dropbox, Inc. (NASDAQ:DBX)

Oak Thistle LLC bought a new stake in Dropbox, Inc. (NASDAQ:DBX – Get Rating) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 12,556 shares of the company’s stock, valued at approximately $281,000. A number of other institutional investors have also modified their holdings of the stock. Covestor Ltd boosted its stake in shares […] ....

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Burney Co. Sells 94,418 Shares of Dropbox, Inc. (NASDAQ:DBX)

Burney Co. lowered its stake in Dropbox, Inc. (NASDAQ:DBX – Get Rating) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,877 shares of the company’s stock after selling 94,418 shares during the quarter. Burney Co. owned approximately 0.05% of Dropbox […] ....

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