File hosting service provider Dropbox Inc said on Wednesday it will layoff 11 per cent of its global workforce to streamline in line with its business priorities.
Chief Operating Officer Olivia Nottebohm will also step down effective Feb 5, the company said in a statement.
Dropbox is a file hosting service headquartered in San Francisco, California, offering cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.
