Dropbox used to be on top of the world. It became a go to word for a number of IT people, but in recent years, Google Drive, Microsoft’s OneDrive, and Box filled in and took market share. Further, as people started shifting to things like NAS, or other solutions, it shifted the thinking. In the past fiscal quarter, Dropbox added only 63,000 new users, and this represents a distinct slowdown for them. As a result, Dropbox is trimming staff by about 20%. There is an upcoming shift in the organization that still has about 18 million users, but it’s not clear how many of them are paying users, which further sets Dropbox in a position to drop further.
Dropbox is laying off 20% of its staff as the cloud storage company undergoes what CEO Drew Houston calls a “transitional period.”
Found at techcrunch.com
