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Dropbox makes over 600 M per quarter and about $2.53B per year. They dont need to do layoffs. This is a choice to desctroy jobs to temporarily enrich shareholders to the detriment of the company itself. Classic short-term decision making. https://stockanalysis.com/stocks/dbx/revenue/

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How is it to the detriment of the company? I've been a dropbox subscriber I think since they launched. Over the years they've added some nice features here and there, but I feel like at this point they could scale all the way back to server admins and sustaining engineering and be perfectly fine. This is another case of I can't imaging what all of those people actually DO day to day.

Financially, perhaps not, but maybe the product is now done? I mean, what more can you really add to the service at this point? There is still work to do with maintenance, support, etc. but that doesn't require the same level of employment as when you are still building.

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