Dropbox is cutting 500 jobs: Read CEO's email to employees

-
US-based cloud storage company Dropbox is laying off around 500 employees. The number makes up about 16 percent of the company’s entire workforce. In a memo to employees, Dropbox CEO Drew Houston attributed the job cuts to a rocky economy. He, however, also said that the cuts will allow the company to build out its AI division. Affected employees will be able to receive a minimum of 16 weeks of pay, up to six months of healthcare, and the ability to keep company devices for personal use. They’ll also receive career coaching and job placement support. Here's the memo sent by CEO Drew to the staff.

from Gadgets News – Latest Technology News, Mobile News & Updates https://ift.tt/fQSLxbm

Comments

Post a Comment

Popular posts from this blog

Used car buying guide: Maruti Suzuki Swift (2018-2021)

-
Image
https://ift.tt/2UVDTl1 GOOD FOR : Fuel economy, Spacious cabin LOOK OUT FOR : Glitchy touchscreen, Interior rattles The evergreen Maruti Swift has been around for a long time and is somewhat of an icon in the Indian automotive scene. The hatchback is sporty to look at, decently equipped, frugal and easy-to-drive, all of which make it worth considering in the used car market. However, there are some things you should know before you buy one. Maruti Suzuki introduced the third-gen Swift in India in 2018, making it more efficient, more spacious, more practical and even better equipped than the model it replaced. Wide rear haunches lend it a sporty stance; C-pillar houses the rear door handle. The third-gen Swift, at launch, was available with petrol and diesel engine options. The petrol was a 1.2-litre unit that produced 83hp and 113Nm of torque, while the diesel was a 1.2-litre unit that pushed out 75hp and 190Nm of torque. Both engines were offered with 5-speed manual and AMT au
Read more

Myntra’s private label chief Manohar Kamath reportedly quits

-
Image
Myntra's private label chief Manohar Kamath has reportedly resigned from the company. As reported by Economic Times, along with Kamath, Tribikram Mishra, VP and head of Roadster brand has also resigned from the company and has joined Mensa Brands company - run by former Myntra chief executive Ananth Narayanan. from Gadgets News – Latest Technology News, Mobile News & Updates https://timesofindia.indiatimes.com/gadgets-news/myntras-private-label-chief-manohar-kamath-reportedly-quits/articleshow/99754312.cms
Read more

Two authors sue Microsoft, OpenAI over copyright infringement: All the details

-
Image
OpenAI and Microsoft are facing a class-action lawsuit filed by book authors Nicholas Basbanes and Nicholas Gage. The authors claim that their copyrighted works were unlawfully used by the companies to develop a profitable artificial intelligence system. The lawsuit alleges that OpenAI and Microsoft stole the authors' intellectual property without permission. The authors seek damages of up to $150,000 for each infringed work. OpenAI is also involved in a legal battle with The New York Times over copyright content used to train AI models. from Gadgets News – Latest Technology News, Mobile News & Updates https://ift.tt/OWFHedV
Read more