$DBX (DROPBOX) — 8-K: Dropbox cuts 9% of workforce, expects $27M-$33M cash costs and Q3 results in-line or above guidance

Dropbox said third quarter 2026 results are expected to be in-line with or above previously provided guidance ranges for revenue, constant currency revenue, and non-GAAP operating margin. The company is reducing its global workforce by approximately 9%, with estimated total cash expenditures of approximately $27 million to $33 million, primarily severance, benefits and related costs. Dropbox expects to recognize $20 million to $25 million of incremental expense, substantially all in the fourth quarter of 2026, with the remainder in 2027. Chief Technology Officer Ali Dasdan will step down effective November 18, 2026, receiving a pro rata bonus of $515,000 and a lump sum cash payment of approximately $1.3 million.

Dropbox said third quarter 2026 results are expected to be in-line with or above previously provided guidance ranges for revenue, constant currency revenue, and non-GAAP operating margin. The company