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Earnings Preview: Dropbox to Report Financial Results Post-market on November 07
$Dropbox(DBX.US)$ is scheduled to release its financial results post-market on November 07 ET. Earnings PreviewAnalysts estimate $Dropbox(DBX.US)$ to post revenue of USD637.19M for 2024Q3, up 0.66%
Unusual Options Activity: BURL, LPLA and Others Attract Market Bets, BURL V/OI Ratio Reaches 83.3
EST Oct 31st Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Dropbox (DBX.US) plans to reduce its global workforce by 20%, involving 528 positions.
Dropbox (DBX.US) CEO Drew Houston announced to employees on Wednesday that the company will reduce its global workforce by 20%, equivalent to 528 positions. Houston stated that Dropbox will cut business units that have been overinvested or underperforming, while striving to build a more efficient team structure.
Monness Maintains Dropbox(DBX.US) With Hold Rating
Dropbox will lay off 20% of its workforce globally.
On October 30, Gronghui | Dropbox disclosed in regulatory documents that it will cut 20% of its workforce globally. The company expects total cash outlays related to the layoffs to be between $6.3 million and $6.8 million, with related severance, benefits, and costs to increase by $47 million to $52 million. The company stated that it expects to recognize most of the increase expenses and pay most of the cash in the fourth quarter of 2024. The company expects third-quarter performance to meet or exceed expectations.