<ul><li>Dropbox is letting go of 528 employees, or 20% of its workforce, to advance revenue growth initiatives.</li><li>The job cuts are driven by the slowing growth in its core file sync and share (FSS) business and the need to streamline operations.</li><li>Dropbox is focusing on developing its next phase of growth with products like Dash, an artificial intelligence tool.</li><li>Impacted employees will receive severance pay, healthcare benefits, equity vesting, and bonuses.</li></ul>

Dropbox to let go 20% of its workforce amid growth push

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