Re:Dropbox to cut 11% of its global workforce
by avrionov on Wednesday January 13, 2021 @03:22PM
(#25767487)
See my post about their expenses [1].
If they don't grow the investors are not going to be happy about the high engineering expenses.
Re:Dropbox to cut 11% of its global workforce
by tinyhouse on Wednesday January 13, 2021 @04:14PM
(#25768047)
Expenses alone don't tell the whole store. I replied on your original comment.
Re:Dropbox to cut 11% of its global workforce
by bachmeier on Wednesday January 13, 2021 @03:30PM
(#25767570)
> did you look at the financials of Dropbox?
You are aware that this discussion is about an announcement that they're cutting 11% of their workforce, aren't you? Anything can happen when companies get in this position.
Re:Dropbox to cut 11% of its global workforce
by tinyhouse on Wednesday January 13, 2021 @05:01PM
(#25768528)
You're making an assumption that layoffs mean company is in some trouble and everything can happen. That's clearly not the case here if you check their financials. This is an efficiency move.
What?? I don't know about Evernote. But did you look at the financials of Dropbox? They have a solid sheet so maybe take a look before you suggest people there to look for another job.
They decided to shift their focus to enterprise. They made a decision not to compete on the consumer side. Enterprises don't need a free tier. I don't know if that was a smart decision, but I'm sure they looked at the numbers and made the decision based on it.