Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC's @Work conference in San Francisco on November 4, 2019. Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a "transitional period" as its file sync and share business and its Dash artificial-intelligence search feature mature, Houston wrote. "Navigating this transition while maintaining our current structure and investment levels is no longer sus ...

Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a "transitional period." In a letter to staff, Houston said that the reduction in headcount would impact 528 people. "As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change," he wrote. Affected employees will receive severance, equity, and transition payment, as well as certain healthcare and benefits and job placement ...

Dropbox (DBX) closed at $25.79 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily loss of 0.92%. On the other hand, the Dow registered a loss of 0.96%, and the technology-centric Nasdaq decreased by 1.6%.The online file-sharing company's shares have seen an increase of 5.42% over the last month, surpassing the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 2.68%.The investment community will be paying close attention to the ...

Dropbox (DBX) closed the most recent trading day at $26.14, moving -0.49% from the previous trading session. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.28%. The the stock of online file-sharing company has risen by 6.66% in the past month, leading the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48%. The investment community will be paying close attention to the earnings performance of Dropbox in ...

Dropbox (DBX) closed the latest trading day at $25.05, indicating a -1.49% change from the previous session's end. This change lagged the S&P 500's 0.93% loss on the day. Elsewhere, the Dow saw a downswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.53%. The online file-sharing company's shares have seen an increase of 1.15% over the last month, not keeping up with the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17%. The investment community will be paying close att ...

The latest trading session saw Dropbox (DBX) ending at $24.82, denoting a -0.44% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%. The online file-sharing company's stock has climbed by 2% in the past month, exceeding the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95%. The investment community will be closely mon ...

In the latest trading session, Dropbox (DBX) closed at $24.47, marking a -0.08% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.7%. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%. Shares of the online file-sharing company witnessed a gain of 0.66% over the previous month, beating the performance of the Computer and Technology sector with its loss of 1.45% and underperforming the S&P 500's gain of 1.27%. T ...

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The latest trading session saw Dropbox (DBX) ending at $24.59, denoting a +1.32% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Heading into today, shares of the online file-sharing company had gained 6.45% over the past month, outpacing the Computer and Technology sector's gain of 3.3% and the S&P 500's gain of 4.86% in that time. Market participants will be closely following the financial ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...