But her departure may be cause for concern to customers and shareholders of Dropbox because it’s yet another sign that Houston doesn’t seem to be able to hold on to his executive team. While Nottebohm’s day-to-day activities will, no doubt, be disrupted, her $500,000 salary, stock holdings ( see offer letter, she gains some equity after one year which may be why she isn’t leaving until February 5) and severance should keep her financially comfortable, by most standards. That’s hardly enough time to make a big impact on sales, customer experience, business development, strategy, marketing, and communications, all of which need improvement. She’s been in the role for less than a year. It’s worth noting that Dropbox’s COO Olivia Nottebohm is leaving the company as well. (He also noted that the company’s new work-from-home culture requires less headcount, but when you look at who has been laid-off, that doesn’t quite sync.) Sales, marketing and CX talent gone
Yesterday Dropbox CEO Drew Houston wrote to his staff that he needs to run a “tight ship” and relentlessly “focus on initiatives that align tightly with our strategic priorities, and having the discipline to pull back from those that don’t.” To 315 Dropboxers, that translates to “you don’t fit into our plans moving forward, you have just lost your job.” Find the letter Houston sent to his team at the bottom of this article. So with great features that work almost flawlessly and users adore, why is it laying off 11 percent of its workforce? Its users rave about its ease of use, syncing speed and search capabilities. It ability to store files, and even multiple versions of files, makes a clear choice for creatives. The way it syncs across devices without users needing to lift a finger is unmatched. Stern School of Business and a triple major in molecular biology/biochemistry (MBB), biological sciences and psychology from Rutgers University.Few will argue that Dropbox’s file sharing technology is best of breed.
He holds an MBA in marketing & finance and international business from the New York University Leonard N. Web also serves as an executive advisor to Reify Health, Heads Up Health™ and other healthcare/healthtech startups focused on big data, SaaS, healthcare IT (HIT), and predictive analytics to improve patient outcomes. He spent nearly eight years as vice president at Campbell Alliance (now Syneos Health®) where he advised enterprise life sciences companies across corporate development, brand management and marketing, commercial effectiveness, and medical affairs initiatives. Prior to founding Komodo Health, Web was a managing director at Zephyr Health, a leading life sciences data and insights solution provider, running all non-engineering functions. He oversees operations, including business development, sales and marketing, and people. Web Sun is co-founder and President at Komodo Health.
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