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11 mentions found


☆ Dropbox CEO says employees appreciate remote work more than cushy office perks: 'they value flexibility a lot more than snacks'
  + stars: | 2024-04-16 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +4 min
Read previewDropbox cofounder and CEO Drew Houston said he views his employees like customers, and that means giving them what they want — which isn't in-person work. Many companies are pushing employees to return to office in a hybrid structure, including giants like Google, Apple, and Amazon. Transitioning to virtual first meant getting rid of the "super vibrant in-person culture" Dropbox had before, the CEO said. But Houston said people voted "voted with their feet that they value flexibility a lot more than snacks in the office." AdvertisementThe CEO said one of the problems with hybrid work is it puts employees on a leash to tied to the nearby office space.
Persons: —, Drew Houston, Houston, Dropbox, Aaron Wojack, would've Organizations: Service, Business, Apple, Dropbox, Michelin, Google, Chicago Locations: San Francisco, Boston, LA, Houston
☆ How to stop Dropbox from sharing your personal files with OpenAI
  + stars: | 2023-12-13 | by ( Hayden Field | ) www.cnbc.com   time to read: +3 min
If you've used any of Dropbox 's artificial intelligence tools, some of your documents and files may have been shared with OpenAI. Dropbox AI customer documents pass through and are stored on OpenAI's servers for up to 30 days. "Third-party AI services are only used when customers actively engage with Dropbox AI features which themselves are clearly labeled," he wrote, pointing to a screenshot. Dropbox's third-party AI data sharing only applies to users who want Dropbox's AI features, which is available through many of Dropbox's paid plans, or through its Early Access program. But, even if you've opted out, any files shared with another person who is using Dropbox AI could still be sent to OpenAI servers.
Persons: Drew Houston, you've, Google's Bard, Anthropic's Claude, Zoom, Dropbox's, Dropbox Organizations: CNBC PRO Locations: San Francisco, There's, Dropbox
☆ Dropbox plans to pay $79 million to shrink its huge SF office, after CEO says the RTO push will fail
  + stars: | 2023-10-23 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Dropbox will pay $79 million to give up 165,000 square feet of office space at its San Francisco HQ. The company switched to remote working during the pandemic and workers now follow a '90/10' routine. CEO Drew Houston has backed remote working, and said the return-to-office push is doomed to fail. AdvertisementAdvertisementDropbox is spending $79 million to give up a quarter of its San Francisco headquarters, as it continues to bet that remote working is here to stay. Dropbox's move to cut back on its physical office space is a fresh blow to San Francisco, which is going through a commercial real estate crisis .
Persons: Dropbox, Drew Houston, —, Fortune, Houston, Jones Lang LaSalle Organizations: San Francisco HQ, Service, San, SEC, CNBC, Jones Locations: San Francisco, Mission Bay
☆ Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens
  + stars: | 2023-10-20 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Dropbox said Friday that it's agreed to return over one quarter of its San Francisco headquarters to the landlord as the commercial real estate market continues to soften following the Covid pandemic. In a filing, Dropbox said it agreed to surrender to its landlord 165,244 square feet of space and pay $79 million in termination fees. Under the amendment to its lease agreement, Dropbox will offload the space over time through the first quarter of 2025. In addition, Dropbox took a $175.2 million impairment on the office last year "as a result of adverse changes" in the market. Dropbox had tried working with its landlord to sublease space at the headquarters, but the real estate market deteriorated, finance chief Tim Regan, told analysts on a February earnings call.
Persons: Dropbox, it's, we've, Drew Houston, Dropbox's, Uber, Tim Regan Organizations: San Francisco, Vir Biotechnology, CNBC, Private, KKR, Kilroy Realty Corp, San Francisco Chronicle, Microsoft Locations: Mission, Dropbox
☆ The CEO of Dropbox has a 90/10 rule for remote work
  + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +3 min
Dropbox CEO Drew Houston told Fortune his company uses a 90/10 rule for remote work. This means 90% of the year is spent on remote work, and the remaining 10% is dedicated to employee off-site events. AdvertisementAdvertisementDrew Houston, the CEO of file storage company Dropbox, is continuing to tout a predominantly remote work culture, even as business leaders increasingly call for their workers to return to the office. Dropbox uses a 90/10 rule, with 90% of the year spent on remote work and the remaining 10% spent on a handful of employee off-sites, the company's CEO told Fortune in an interview published Sunday. The company first announced it was becoming a "virtual first" company in 2020 amid the COVID-19 pandemic, making remote work the default for workers.
Persons: Drew Houston, Fortune, —, Houston, Mark Zuckerberg, Goldman Sachs, David Solomon, Jamie Dimon, hasn't Organizations: Houston, Service, Dropbox, Forbes, JPMorgan Locations: San Francisco, Houston
☆ Dropbox's CEO on implementing A.I. as a collaboration tool for human workstreams
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDropbox's CEO on implementing A.I. as a collaboration tool for human workstreamsCNBC's Deirdre Bosa and Dropbox Co-Founder and CEO Drew Houston join 'The Exchange' to discuss integrating A.I., A.I. and human collaboration, and improving efficiency with new technologies.
☆ CEOs are getting closer to finally saying it — AI will wipe out more jobs than they can count
  + stars: | 2023-05-02 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
Tech workers are finding out what it's like to be replaced by AI. It's the boldest statement yet from tech firms turning to AI to help them get efficient. Tech workers are about to find out. Here are five tech firms that have acted first with a big bet on AI. AmazonAmazon has been among the most bruised tech firms since the downturn of 2022 was kickstarted.
☆ Dropbox to cut workforce by 16%, hire new talent for AI-powered products
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +1 min
April 27 (Reuters) - Cloud storage provider Dropbox Inc (DBX.O) said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. San Francisco, California-based Dropbox is the latest tech company to tap AI as Big Tech players from Microsoft Corp (MSFT.O) to Facebook-parent Meta Platforms Inc (META.O) battle for a slice of the fast-growing market with new products and offerings. At the end of 2022, the company had 3,118 full-time employees, of which 2,583 were located in the United States. "We've been bringing in great talent in these areas over the last couple years and we'll need even more," Houston said in a memo to staff. Houston is also on the board of Meta Platforms, which said on Wednesday AI was helping it boost traffic to Facebook and Instagram and earn more in ad sales.
☆ Reddit, Airbnb and 8 more companies that let you work from home permanently and are hiring now
  + stars: | 2023-04-23 | by ( Morgan Smith | ) www.cnbc.com   time to read: +5 min
While some companies are pulling back on flexibility, others, like Airbnb and Pinterest, are celebrating one year since permanently switching to remote or hybrid work. That being said, the remote job market has gotten more competitive. Recent remote job openings: Corporate account executive, product designerRedditIndustry: Social media Remote work plans: Reddit switched to a permanent hybrid model in October 2020 where employees have the flexibility to work wherever they want, with options for in-office work. Recent remote job openings: Global category development officer, partnership leadAirbnbIndustry: Travel Remote work plans: Under Airbnb's "live and work anywhere" model, which began in April 2022, employees can work remotely or from one of Airbnb's offices. Recent remote job openings: User operations associate, partner account executiveVerizon
☆ Dropbox hit with $175 million real estate loss for 2022 as San Francisco office space sits empty
  + stars: | 2023-02-16 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Its total real estate impairment for the year was $175.2 million, which is still well below the $400 million hit the company took in late 2020. That reduced the company's need for office space and pushed it to find tenants to sublease significant chunks of its headquarters. "And there's certainly been an increase in supply for real estate for sublease, which has pushed out our anticipated time to lease." Salesforce , Airbnb , Uber and Zendesk are among other companies that have taken real estate impairments in the city. Dropbox executives had expected to sublease the company's San Francisco property in the middle of 2023.
☆ Dropbox helped end the physical thumb drive era, but the cloud is getting crowded
  + stars: | 2022-11-17 | by ( Barbara Collins | ) www.cnbc.com   time to read: +2 min
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. The result was Dropbox, a company that has now made a name for itself as one of the leading organization and collaboration tools worldwide. Today, Dropbox reports having more than 700 million registered users in more than 180 countries and regions globally. In its most recent quarter, Dropbox reported $591 million in revenue with a net profit of $83.2 million. Over 17.5 million users pay for its services, and the company has said more than 90% of its revenue results from individual consumers buying subscriptions.
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