Dropbox workforce cuts will affect approximately 9% of employees, the company announced on October 28, 2026. The software provider also disclosed that Chief Technology Officer Ali Dasdan will resign effective November 18.

Dropbox workforce cuts and restructuring costs

Dropbox estimates that the reduction will cost $27 million to $33 million, primarily for severance and benefits. Most of the expense is expected in the fourth quarter of 2026, with some costs extending into 2027.

Dasdan’s severance and bonuses will total approximately $1.8 million.

Quarterly outlook and products

Dropbox expects its third-quarter financial results to meet or exceed its previous guidance. The results have not yet been reported.

The company sells cloud storage and collaboration software alongside products including Dropbox Sign and DocSend. Dropbox Dash’s universal search helps users find content across connected work applications.

Next milestone

Dropbox is scheduled to report third-quarter results on November 5.

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