Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Dropbox cuts 16% staff, plans AI-focused hires
    News

    Dropbox cuts 16% staff, plans AI-focused hires

    HRK News BureauBy HRK News BureauApril 28, 20232 Mins Read7884 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Amid the slow cloud growth and a part of its cost-cutting measures, Dropbox has revealed that it will reduce its staff worldwide. The company is to reduce its workforce by 16 per cent.

    Drew Houston, CEO, Dropbox, communicated to the staff through a memo that the company’s primary cloud business expansion was decelerating due to the impact of economic challenges on customers. Consequently, some of the company’s previously profitable investments were no longer viable. Therefore, the decision is said to affect roughly 500 jobs in the cloud storage sector.

    However, the company has also communicated that it will prioritise and consider new professionals with the requisite abilities to create and distribute AI-based products. Dropbox plans to hire additional staff members to assist with the development of AI tools and it’s also reallocating some employees to work on its AI initiatives.
    According to Houston, Dropbox faces a significant opportunity, but it is crucial to act promptly to capitalise on it. He further stated that the age of AI computing has arrived, and Dropbox aims to enter the rapidly expanding market by introducing innovative products and services.

    The tech industry is presently emphasising artificial intelligence. Microsoft is the leader in this regard, having made significant investments in OpenAI, the organisation responsible for ChatGPT and Dall-E. Google is developing Bard AI, which is presently being tested in a few markets and will likely be extended to other regions soon. Additionally, Meta announced on Wednesday that it was leveraging AI to increase traffic to Facebook and Instagram and generate higher revenues from advertising.

    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    1 × 3 =

    Related Posts

    Maxme launches human skills programmes to future-proof India’s workforce

    May 16, 2025

    Aviation Ministry introduces transition plan for Celebi’s 10,000 employees

    May 16, 2025

    SC orders West Bengal to pay 25% DA to state employees

    May 16, 2025

    Andhra Pradesh govt eases employee transfer ban till 2 June

    May 16, 2025
    EDITOR'S PICKS

    The quiet commute: How a digital detox is reshaping work-life balance

    May 16, 2025

    “Dark factories still a decade away from disrupting India’s employment market,” Sushil Baveja, CHRO, Jindal Stainless

    May 15, 2025

    How Pramerica Life builds an ethical culture that works

    May 15, 2025

    Red flags in job applications: What candidates miss but recruiters spot

    May 14, 2025
    Latest Post

    Maxme launches human skills programmes to future-proof India’s workforce

    News May 16, 2025

    As India ramps up efforts to prepare its workforce for a rapidly-evolving professional landscape, the…

    Aviation Ministry introduces transition plan for Celebi’s 10,000 employees

    News May 16, 2025

    The Ministry of Civil Aviation has initiated a comprehensive transition plan to ensure that approximately…

    SC orders West Bengal to pay 25% DA to state employees

    News May 16, 2025

    In a significant development, the Supreme Court has directed the West Bengal government to pay…

    Andhra Pradesh govt eases employee transfer ban till 2 June

    News May 16, 2025

    The State government of Andhra Pradesh has announced a temporary relaxation of the ban on…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.