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Dropbox to layoff 11% of its workforce, COO to step down

Jan 13 (Reuters) - File hosting service provider Dropbox Inc said on Wednesday it will layoff 11% of its global workforce to streamline in line with its business priorities.

Chief Operating Officer Olivia Nottebohm will also step down effective Feb. 5, the company said in a statement. (Reporting by Chavi Mehta in Bengaluru; Editing by Bernard Orr)

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