Mercury Dropbox announced the departure of its chief operating officer and said it will cut 11 percent of its global workforce, or 315 people, as the file hosting service provider moves. the company’s resources following the COVID-19 pandemic.
Actions it fell nearly 6 percent to $ 22.26 after Dropbox announced that operations director Olivia Nottebohm, who was hired last year by Google from Alphabet Inc., will resign on February 5th.
Dropbox did not provide details of a replacement for the COO.
“Our Virtual First policy means we need fewer resources to support our office environment, so we are scaling back that investment and redistributing those resources to guide our ambitious product roadmap,” Drew Houston said in a letter to March employees.
The San Francisco company had said in October that it would work remotely due to the COVID-19 pandemic it will be a primary experience for their employees and their physical spaces will no longer be for everyday individual work.