Why the hell do they have so many employees in the first place?
Dropbox decided to reduce their global workforce by approximately 20% or 528 employees.
Submitted 6 months ago by Dot@feddit.org to technology@lemmy.world
https://blog.dropbox.com/topics/company/an-update-from-drew
Comments
BombOmOm@lemmy.world 6 months ago
Telodzrum@lemmy.world 6 months ago
Money was cheap, so most tech firms overhired throughout the 2010s and into the first few years of this decade. Now that rates are higher we are seeing a market correction to the actual required workforce for the industry. I feel bad for the millions of tech workers trained and produced by programs for the last 15-20 years who will need to retrain in a new industry.
InverseParallax@lemmy.world 6 months ago
The money people are demanding much higher returns, inflation spooked them, but the fact that it’s going down is no reason to not keep squeezing.
praise_idleness@sh.itjust.works 6 months ago
Fancy S3 losing market? I am shocked!
homesweethomeMrL@lemmy.world 6 months ago
Was Condi Rice one of them?
net00@lemm.ee 6 months ago
I’m sure he’s taking full responsibility going to sleep in his mansion tonight, with his big salary and bonuses, which will probably see a nice bump from this.