Is dropbox dying?
https://www.cnbc.com/2021/01/13/dropbox-to-cut-11percent-of-its-global-workforce.html Too bad, I really like their tech stacks and I heard they paid well.
THE AWAITED BUBBLE BURST IS HERE
well yes
Yes it’s dying. The heart got ripped out when Arash left in March 2020. I migrated all my data out of Dropbox into iCloud last year after they got rid of Bart and Akhil, heard they’re firing a bunch of infra engineers today so expect massive data leaks or corruptions soon as the junior engineers (and outsourced Indian engineers once hr gets set up) start to re-learn the entire custom infra stack. Most of their existing customers are 1 bad data incident away from unsubscribing
why? ind swe engineers are the best;) thats why they are here right?
Fuck around and find out lmao
They lost their head of growth.
Was terrible, not a loss
LMFAO. Do you know how much he was paid?
Nah. Just the result of overhiring, and some MBAs figuring out the organization can be leaner.
10% firing will probably cause another 10% attrition. Coupled with no hiring, they’ll be able to cut down the costs to take the company to a better financial shape. The shape of the product is altogether in a different trajectory.
I never understood what differentiates Dropbox from competition and hence not sure if they have any kind of pricing power....
True
Less powerful but user interface friendly S3. Don’t see why users use it.
Lol S3 is not the same type of product. Compare it with Google Drive, One Drive, Box etc.
That’s the point. I don’t see the point of having Box or Dropbox. Sure Google Drive and One Drive have different stories as it has its own user ecosystem which is large and multifunctional
Is this a profitable company at all? Or just another member of dotcom 2.0 ?
Yeah they were profitable last year. $1.8 billion revenue. 18% growth. Investor expectations are high