Why Dropbox Shareholders Shouldn't Lament Its Layoffs

Ryan Henderson, The Motley Fool
·4 min read
Why Dropbox Shareholders Shouldn't Lament Its Layoffs

In 2020, rising profits drove Dropbox's (NASDAQ: DBX) stock up more than 20%. CEO Drew Houston wrote a letter to all the Dropbox employees citing this as an effort to focus on "strategic priorities." Here's why I think this is one painful step to a more profitable future for Dropbox.