Company Historically Provides H1B Sponsorship
Dropbox provides cloud storage and file synchronization for individuals and organizations, with features for storing, sharing, and collaborating on documents. Users upload files to online storage; the service syncs them across devices and makes them available in shared workspaces, with links, comments, and real-time collaboration. It differentiates itself with a simple interface, strong security, reliable syncing, and a growing ecosystem of integrations and partnerships including DocSend and HelloSign. Its goal is to support remote and distributed teams by offering a straightforward, secure way to access and work on files from anywhere while growing its subscription revenue.
Work here?Claim your company
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2007
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$3.8B
Above
Industry Average
Funded Over
9 Rounds
Dropbox is laying off about 9% of its global workforce, co-chief executive officer Ashraf Alkarmi said on Wednesday. The cut covers roughly 200 roles in Engineering, Product, Design, and GA teams. Alkarmi said the company is profitable but must concentrate resources on priorities with the greatest potential for customer impact and growth. Its two-year strategy aims to serve larger companies and reach new markets. Chief technology officer Ali Dasdan is also leaving; his last day is November 18. Departing staff will receive 16 weeks of pay plus one week for each year at Dropbox, Q4 equity vesting, and six months of COBRA subsidy for US employees.
Dropbox has launched Dropbox Protect in Singapore, a data access governance tool that shows information technology and security teams who can access content across Dropbox, Google Drive, and Microsoft 365. The tool lets teams review public links, external collaborators, and risky permissions. They can also automate policies, alerts, and access fixes, and generate reports and audit logs for governance and compliance. The launch comes as Singapore's Personal Data Protection Act requires organisations to make reasonable security arrangements against unauthorised access to, or disclosure of, personal data held electronically. Dropbox Protect competes with data access governance vendors, including tools covering Google Drive and SharePoint. Microsoft also offers governance actions in Defender for Cloud Apps.
Dropbox CTO Ali Dasdan is driving AI adoption across the company's 2,113 employees. When he joined in March 2025, less than 40% of engineering, product, and design teams used AI tools. Through training, hackathons, and championing superusers, he achieved full adoption among these groups. The company has made ChatGPT Enterprise widely available to knowledge workers and approved AI features in platforms like Workday, Slack, and Zoom. Non-technical staff use tools like Lovable to create custom applications, with hundreds now deployed across departments. Dasdan says AI enables faster customer support and helps clear technical debt. The company has focused on enhancing Dash, its AI-powered search tool, with improved capabilities for indexing and searching images and video. Dropbox has also integrated Dash into ChatGPT, Claude, and Google Gemini ecosystems to meet customers where they already work.
Dropbox co-CEO Ashraf Alkarmi sold 28,800 shares of Class A Common Stock for $1 million on 11 September 2026, according to an SEC filing. The sale was executed through a Rule 10b5-1 trading plan established on 12 June 2026, which allows insiders to make pre-scheduled trades. Following the transaction, Alkarmi retains 1,004,081 shares, representing approximately 0.39% of the company. The stock had generated a 15% one-year return as of the transaction date. As of 15 September 2026, Dropbox shares traded at $37.63, giving the San Francisco-based software company a market capitalisation of $9.5 billion. The company reported trailing twelve-month revenue of $2.5 billion and net income of $442.8 million.
Dropbox CFO Ross Tennenbaum sold 20,326 shares of Class A Common Stock on 17 August, according to an SEC Form 4 filing. The transaction, valued at $25.34 million, was executed for tax purposes and does not reflect a change in the insider's assessment of the company's valuation. Tennenbaum continues to hold 759,000 shares directly, valued at $25.7 million based on the 18 August closing price. He also holds restricted stock units scheduled to vest through 15 November 2029, contingent upon continued service. Dropbox operates a software-as-a-service business model, generating revenue through tiered subscription plans for individual users, teams, and enterprises. The company has a market capitalisation of $8.6 billion and reported $2.5 billion in trailing twelve-month revenue.
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2007
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs