Dropbox cuts 315 staff as COO jumps ship

Dropbox is axing 11 per cent of its global staff, which amounts to 315 people. Its COO Olivia Nottebohm, who joined just one year ago after a five-year stint at Google is also leaving the company. Her replacement has not yet been named. The news was broken in an email to employees from CEO Drew Houston, who said that the job cuts were "painful but necessary" to implement its new strategies for the coming months. "Over the past year, we've talked a lot about the importance of runni...