Dropbox to cut about 200 jobs, roughly 9% of its global workforce

Business Insider reports Dropbox is eliminating about 200 roles across engineering, product, design, and general and administrative teams—approximately 9% of its global workforce. Co-CEO Ashraf Alkarmi said the company is profitable but is concentrating resources on product and growth priorities; he also announced CTO Ali Dasdan will leave November 18. Reuters, in The Economic Times, reports Dropbox estimates $27 million to $33 million in layoff costs, primarily severance and related expenses.