Dropbox axes 500 jobs as it announces plans to focus the company on AI
“As a result, some investments that used to deliver positive returns are no longer sustainable,” he says, without mentioning which investments or products are no longer delivering satisfactory returns.
Affected staff members will receive 16 weeks of pay, with an additional week of pay for each year of service with the company. Healthcare will be continued for six months, and staff will be allowed to keep company-issued devices for personal use.
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