Home Business Dropbox COO to step down as company announces mass layoffs

Dropbox COO to step down as company announces mass layoffs

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Dropbox on Wednesday announced the exit of its operations chief and said it will cut 11 percent of its global workforce, or 315 people, as the file hosting service provider shifts business resources in the wake of the COVID-19 pandemic. Shares fell nearly 6 percent to $22.26 after Dropbox said chief operating officer Olivia Nottebohm,…