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Dropbox cuts global workforce by ~9%, announces CTO Ali Dasdan departure
DBXDropbox, Inc.
Dropbox announced a reduction of its global workforce by approximately 9% to align investments with product and growth priorities, estimating total cash expenditures of $27 million to $33 million for severance and related costs. Concurrently, Chief Technology Officer Ali Dasdan will step down effective November 18, 2026, receiving a pro rata bonus of $515,000 and a lump sum payment of approximately $1.3 million under his separation agreement. The company also expects its third quarter 2026 financial results to be in-line with or above guidance ranges for revenue and non-GAAP operating margin ahead of the November 5 report. Dropbox operates in the technology sector, providing cloud-based file hosting, synchronization, and collaboration services.