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 10 months ago by Dot@feddit.org to technology@lemmy.world
https://blog.dropbox.com/topics/company/an-update-from-drew
Comments
BombOmOm@lemmy.world 10 months ago
Telodzrum@lemmy.world 10 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 10 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 10 months ago
Fancy S3 losing market? I am shocked!
homesweethomeMrL@lemmy.world 10 months ago
Was Condi Rice one of them?
net00@lemm.ee 10 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.