Dropbox’s Remote Work Plan Pressures Travel Department

Cloud tech company Dropbox has never recorded an annual profit, but margins are up since 2019 thanks to remote work, layoffs and savings on travel and events. The company is betting everything on remote work. It didn't just reorient its products to better serve customers working virtually. Execs also expect "significant" financial improvements by subleasing some real estate and hiring in "lower-cost" locations. The idea is to "live our mission" as "a distributed team building for distributed teams," CEO and co-founder Drew Houston said during conference calls with equities analysts. 

The response among . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.
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