this post was submitted on 30 Oct 2024
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104
Dropbox decided to reduce their global workforce by approximately 20% or 528 employees. (blog.dropbox.com)
submitted 18 hours ago by Dot@feddit.org to c/technology@lemmy.world
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[โ€“] BombOmOm@lemmy.world 7 points 16 hours ago* (last edited 16 hours ago) (1 children)

Why the hell do they have so many employees in the first place? You don't need so many people for the few products they offer.

[โ€“] Telodzrum@lemmy.world 6 points 12 hours ago

Money was cheap, so most tech firms overhired throughout the 2010s and into the first few years of this decade. Now that rates are higher we are seeing a market correction to the actual required workforce for the industry. I feel bad for the millions of tech workers trained and produced by programs for the last 15-20 years who will need to retrain in a new industry.