Dropbox to Cut 9% of Workforce

11:00 AM EDT, 10/28/2026 (MT Newswires) -- Dropbox (DBX) said in a regulatory filing Wednesday that it is cutting about 9% of its global workforce. The company estimates the workforce reduction will result in cash expenditures of $27 million to $33 million, primarily for severance payments, employee benefits and related costs. Dropbox expects to recognize incremental expenses of $20 million to $25 million related to the cuts, with most of the expense expected in Q4. Additionally, the company said it expects Q3 revenue, constant currency revenue and non-GAAP operating margin to be in line with or above its previously issued guidance. Dropbox's revenue guidance was $627 million to $630 million, according to its Aug. 6 earnings call. Dropbox also said Chief Technology Officer Ali Dasdan will step down from the company, effective Nov. 18. Price: 36.59, Change: -0.34, Percent Change: -0.92