Business

Dropbox is cutting across the board

Last month, Dropbox announced that they’d be laying off 11% of their workforce, as the company has been trying to realign to a remote working landscape. There has been some speculation and questions of which roles would be targeted. Would key roles get cut? How would this affect the cost base?

Revelio Labs

2/18/21

Last month, Dropbox announced that they’d be laying off 11% of their workforce, as the company has been trying to realign to a remote working landscape.

There has been some speculation and questions of which roles would be targeted. Would key roles get cut? How would this affect the cost base?

Based on the profiles of those that have left the company, we can see that the layoffs are surprisingly representative of their existing workforce:

plotplot

The average salary of the laid off employees was $90k/year, compared to an average of $88k/year for their remaining employees.

Takeaways:

  • Based on the profiles of those that have left Dropbox this month, it appears that the layoff was quite representative of the full Dropbox workforce.
  • Mid-level employees were most affected by the layoff, while the most senior roles and most junior roles were less affected.
  • We expect the employee cost base to fall by roughly 11%

If you have any ideas of other metrics to track or would like to hear more, please feel free to reach out.

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