Houston said the company’s “painful, but necessary” decisions have set them on the right path, and now they need to make sure their teams and investments also line up. TECH GIANTS IBM layoffs – a lesson in (bad) crisis leadership? What does it mean for businesses? Unfortunately, this means that we’re reducing the size of some of our teams,” Houston said in the memo. “This will require a relentless focus on initiatives that align tightly with our strategic priorities and having the discipline to pull back from those that don’t. Over the past year, we’ve talked a lot about the importance of running a tight ship and getting the company ready for the next stage of growth.” But looking ahead at 2021 and beyond, it’s clear that we need to make changes in order to create a healthy and thriving business for the future. Impacted employees have also started getting notice of their termination beginning January 13 through one-on-one conversations.ĭropbox CEO Drew Houston said in an employee memo included in the SEC filing that “Last spring I made a commitment to all of you to preserve job security through 2020, and it was important to me that we honored that promise.
Back to basics?ĭropbox also said it will offer laid-off workers in North America three months of base pay and six months of healthcare. I n a regulatory filing, the cloud-based file-sharing company also disclosed that its COO Olivia Nottebohm would be stepping down on February 5. On Wednesday, the San Francisco-based company said it will lay off 11% of its global workforce, or 315 employees, in an effort to streamline its team structure and focus on top priorities. IBM layoffs – a lesson in (bad) crisis leadership?īut that decision came with a cost.
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