DROPBOX
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
Qualcomm job cuts in November: How many employees could lose their jobs and when will it be announced?
Qualcomm is set to implement further layoffs in November, as indicated by a memo from CEO Cristiano Amon. This decision, expected to impact 3% to 6% of the workforce in India and similar proportions worldwide, aims to boost performance and tackle unmet expectations. Amid challenges in the consumer electronics sector, the company is shifting focus towards expansion in data centers and AI technologies for stronger business diversification.
Amazon announces second round of layoffs this month, cuts 250 jobs in devices unit
Amazon has confirmed a new wave of layoffs, impacting approximately 250 workers within its devices division. Just weeks ago, the company cut around 1,000 positions from its core retail sector. These reductions aim to enhance operational efficiency and align with future product strategies. Meanwhile, both Microsoft and Dropbox have joined the trend, recently announcing their own workforce cuts amidst a tech industry facing widespread layoffs in 2026.
'Dropboxers, today will be your last day': Dropbox lays off 9% of global workforce; CTO Ali Dasdan to step down. Read what the company said in memo
Dropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams in engineering, product, and administration, resulting in several employees leaving immediately. On November 18, Chief Technology Officer Ali Dasdan will also resign. Employees impacted by the layoffs will receive severance packages including financial support, while the company aims to enhance operations and customer service effectiveness.
Dropbox announces reduction of global workforce by about 9%
In a significant move, Dropbox Inc will reduce its global workforce by roughly 9%, expecting to incur extra costs of $20 million to $25 million. The cash costs linked to this workforce cut are estimated to be between $27 million and $33 million.
Meet Hannah Pollack, a former marine who spent $20 on an ice cream sandwich side hustle in 2016; 10 years later, her business was making $3 million a month
Pollack and Xavier worked on the business. They started making ice cream sandwiches for just $20. Usually, this is not a very big investment in the initial stages of a business. But, it was enough to buy ingredients for 20 sandwiches. Together, they built the business and named it Nightingale Ice Cream Sandwiches.
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Meet Shruti Gandhi, who launched Array Ventures in 2016; 8 years later, her first fund had returned all its capital to investors
Gandhi announced the achievement in a year-end update in February 2025. It claimed that Array Ventures fully returned its 2016 Fund I in the first quarter in 2024. It also said it had distributed capital to its investors every year for the previous five years. This came at a time when venture capital investors were facing challenges in turning their startup investments into cash.
Algebra Ventures closed a $54 million fund; 4 years later, six portfolio companies were valued at over $350 million
Its first fund invested in reportedly 21 startups across Egypt and the wider Middle East and North Africa region. The portfolio included businesses working in financial technology, healthcare, logistics and online services. Halan was one of its notable investments. The portfolio also included Brimore, a social commerce company.
Meet Dennis Woodside, who began his career as M&A lawyer in 1990s; decades later, he became CEO of Freshworks after leadership roles at Google and Dropbox
Woodside went to Cornell University and studied industrial relations. Later, he earned a law degree from Stanford Law School. He started his professional career as an M&A lawyer in the 1990s. He later moved into management consulting at McKinsey & Company. He joined Google in 2003. There, he spent more than a decade in sales and strategy leadership roles.
Google rolls out new Gemini tools to help small businesses manage marketing, finances
The new features will allow business owners to connect Gemini with Google services such as Google Business Profile, Google Ads and Google Workspace, as well as third-party applications including Adobe, Canva, Dropbox, Shopify, Wix, Zoho and Xero, according to a blog post by Google.
Meet Ali Partovi, man who bet on young talent and backed Cursor and Kalshi; his $150 million Neo fund reached $1.2 billion in value by the end of 2025
Partovi is an entrepreneur and angel investor. He founded Neo in 2017. He had earlier invested in technology companies, which included Facebook and Dropbox. Neo also runs a college programme called Neo Scholars. It identifies students with strong technical skills and helps them connect with startups.
“God Made Trump, the Country He Loves”: 13 taxpayer-funded ads and $20 million campaign revealed as Trump’s unusual ad blitz expands
The Trump administration is actively utilizing 13 taxpayer-funded, campaign-style ads to promote its policies. These advertisements showcase military accomplishments and various initiatives from the administration, with officials arguing they serve as public service announcements. The titles of the ads include God made Trump, The Country He Loves. However, lawmakers from both parties express concerns over the legality of this advertising approach, igniting discussions about potential misuse of government funds.
Meta expands Muse AI agent for small businesses
Meta Platforms is expanding its AI agent Muse to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva to help owners run their businesses and find new customers, as the Facebook-parent aims to diversify its revenue beyond advertising.
In 2014, Nas invested in smart-doorbell startup Ring; 4 years later, Amazon bought the company for $1.1 billion and the American rapper pocketed at least $25 million
Nas and Ring story is about the changing boundaries between entertainment, technology and entrepreneurship. Nas entered the investment world through QueensBridge Venture Partners and became an early backer of companies whose products addressed emerging consumer trends. Ring’s eventual acquisition by Amazon gave the rapper one of his most visible investment wins, with Forbes reporting that he personally pocketed at least $25 million.
In 2013, rapper Nas invested in Coinbase when the crypto exchange was valued at $150 million; 8 years later, his stake was worth at least $40 million
Rapper Nas' venture firm, QueensBridge, invested in Coinbase in 2013. This early bet occurred when Coinbase was valued at approximately $150 million. Eight years later, Coinbase's public trading valued Nas' stake at over $40 million. QueensBridge Venture Partners was founded by Nas in 2013. The firm has since invested in over one hundred technology startups.
Google Drive has stopped Google Photos desktop backups: 4 best alternatives to save your pictures, videos and precious memories safely in the cloud
Google Drive has stopped Google Photos desktop backups from August 10, 2026 and now users are looking for alternative options to safely store their pictures. Desktop or PC users can use Amazon photos, Dropbox, Google Photos new computer backup and Microsoft OneDrive to backup their Google photos. You can also use Google Photos rather than switching services.
Dropbox says about 5,000 accounts compromised in August hack
Some Dropbox users received an email from the company on Monday notifying them that their accounts have been accessed without authorization between August 4 and August 21, Dropbox confirmed after Bloomberg News reported the hack earlier in the day.
Can one free tool really replace Google Drive, OneDrive, and Dropbox without slowing down your PC? Here’s all about Rclone and how it works
Rclone can effectively replace three cloud apps like Google Drive, OneDrive, and Dropbox on Windows PCs. Running three separate background sync tools wastes over one gigabyte of memory and slows system performance. This lightweight open-source software mounts all your scattered cloud files into a single virtual drive. You eliminate background tray clutter, enable zero-knowledge file encryption, and keep your full storage quotas. It delivers a faster, cleaner desktop experience without extra subscription fees.
Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor
Dropbox is seeing a leadership change. Co-founder Andrew Houston will step down as CEO after a transition period. Ashraf Alkarmi will take over as the sole chief executive. Alkarmi previously managed the company's core products. Michael Torres has been appointed chief product officer. Dropbox recently reported strong first-quarter revenue.
Elliott Management said to own a large stake in Dropbox
Hedge fund Elliott Management owns a stake of more than 10% in Dropbox valued at more than $800 million, a person familiar with the matter says, but declines to reveal the exact size of the investment.
Freecharge Chairman Kunal Shah was at Dropbox’s headquarters when fire broke
Even as Dropbox is putting out figurative fires with respect to its Project Infinite, it had to deal with a literal one at its headquarters on May 26.
Dropbox's new strategy: More Microsoft, less Salesforce
One major part of its strategy has been to hire more people from traditional enterprise companies, like Salesforce and VMware.
Dropbox might soon offer free storage for users creating stronger passwords
Dropbox sees sloppy passwords as its biggest threat and may soon start offering additional space to users who create stronger passwords.
The real reason why Apple wanted to acquire Dropbox before it became a $10 billion startup
Jobs said he wanted to outright buy Dropbox, but Houston declined the offer, saying he wanted to build a larger company.
Google's '$100 million man' Neal Mohan is leaving for Dropbox
As Dropbox struggles to bolster both its product and enterprise businesses, Mohan's ability to take a long-view on strategy could be beneficial.
Ruchi Sanghvi, former VP at Dropbox operation: 4 lessons to be unlearned
Not all business wisdom from a successful venture can be replicated, says former Dropbox VP, Ruchi Sanghvi.
Kindlebox automatically sends books from Dropbox to your kindle
If you're looking for an even more automated solution, Kindlebox does the job by linking a Dropbox folder to your Kindle and sending anything over automatically.
Sujay Jaswa: The FinWhiz who squared value of cloud startup Dropbox to draw its IPO route
Sujay Jaswa who drove up the cloud startup's sales was recently promoted as its CFO, possibly with a mandate to oversee its public offer.
Dropbox eyes partnership with Indian mobile service providers and web companies to enter country
The San Francisco-based company said it would rather partner with Indian mobile service providers and web companies that can take Dropbox to the country's rapidly growing smartphone and internet user base.
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