AI is coming for your jobs.. https://techcrunch.com/2023/04/27/dropbox-lays-off-500-employees-16-of-staff-ceo-says-due-to-slowing-growth-and-the-era-of-ai/
Is it the 1st of infinite layoffs because of Generative AI?
Ai doesn't seem to have replaced anyone yet at these companies, this is all just talk for investors. Now, in a couple years, if people get AI actually performing, maybe. But this is like the 3rd or 4th AI "wave" in software and so far it's been underwhelming, ChatGPT is entertaining but I haven't seen it actually do things that you can rely on.
I read it more as in they are going to cut from areas they don't want to invest anymore to shift resources into AI driven products. The "era of AI" to many of these companies means "say you're doing something with AI because AI is hot right now"
I’m usually all for best of breed and enjoy using Slack, Zoom etc. Dropbox however have absolutely zero moat. It needs to be a lot better than what is already bundled if someone is to bring in another vendor.
Dropbox’s most is the difficulty of moving terabytes of data between clouds
What the heck does Dropbox do anymore? What have they innovated in the past ten years? Bad management and leadership caused these layoffs.
Is this the same company as box? I always see these two companies but thought they are the same one
they are not
We are competitors, not the same company.
That’s 84% too many employees. Dropbox shouldn’t exist
ODSP for the win??
But but they did not aggressively hired. Just curious what are they going to do with AI?
The AI is going to tell them who to lay off next
We did not hire aggressively because our growth has been slowing down for years.
Why does a file management n syncing product need AI
Cause all these automated bots trade on what is being mentioned and if someone says AI for given stock ticker the stock goes up.
Wut
Probably competing against them in SMB segment.
Also, it's tough to migrate platforms for orgs who took the deal when dropbox was hot. Getting new customers might have been tough