Dropbox $DBX is cutting about 9% of its global workforce, with $27M to $33M in expected cash costs.
CTO Ali Dasdan will step down on Nov. 18.
The company expects Q3 revenue and non-GAAP operating margin to be in line with or above prior guidance. Full results are due Nov. 5.
🚨 ALERT: American Express is cutting 5% of its global workforce, roughly 3,850 jobs, to become “leaner, more agile, and also to prepare for AI,” its CFO said.
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