Dropbox is laying off around 500 employees, making up about 16 percent of the company’s entire workforce. ”In the past, Houston has expressed interest in exploring AI, with a 2018 letter from him and co-founder Arash Ferdowsi stating that “machine intelligence” will eventually allow Dropbox to better understand and serve its customers. However, laying off employees just to replace them with ones with experience in AI signals that Dropbox is serious about making a shift into the industry