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Despite Being Profitable, Dropbox Cuts 500 Jobs as it Considers AI's Future Effect

posted by Fnord666 on Tuesday May 02, @05:36AM   Printer-friendly
from the getting-the-drop dept.

fliptop writes:

Dropbox announced Thursday it has laid off 500 employees, approximately 16% of its workforce, with company leaders seeing emerging challenges to its business model:

CEO Drew Houston announced the changes in a blog post on the company's website.

"First and foremost, I want to recognize the impact this decision has on Dropboxers who are affected and their families, and I take full ownership of this decision and the path that led us here," Houston wrote.

[...] "While our business is profitable, our growth has been slowing," Houston said. "Part of this is due to the natural maturation of our existing businesses, but more recently, headwinds from the economic downturn have put pressure on our customers and, in turn, on our business. As a result, some investments that used to deliver positive returns are no longer sustainable."

The company also said advances in AI will affect the company's future.

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  • (Score: 3, Touché) by maxwell demon on Tuesday May 02, @05:55PM (1 child)

    by maxwell demon (1608) Subscriber Badge on Tuesday May 02, @05:55PM (#1304385) Journal

    Between that and lying about how they can't decrypt your stuff dropdox can suck it.

    But they really can't decrypt your stuff. At least if you've encrypted it with a secure algorithm before storing it on Dropbox. :-)

    --
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  • (Score: 0) by Anonymous Coward on Wednesday May 03, @03:36AM

    by Anonymous Coward on Wednesday May 03, @03:36AM (#1304439)

    Supposedly AES256 is resistant to differential cryptanalysis: https://en.wikipedia.org/wiki/Differential_cryptanalysis#Attack_mechanics [wikipedia.org]

    So in theory others still shouldn't be able to crack it...

    But I still suspect storing one copy only is safer than storing many copies of the same data encrypted the same key but with a tiny bit of the data changed...