Fall in share-related payments to staff at Dropbox’s Irish office

The firm announced it was culling 11 per cent of its workforce in order to weather tough economic conditions

Barry J Whyte

Chief Feature Writer @whytebarry
17th January, 2021
Fall in share-related payments to staff at Dropbox’s Irish office
Last week, Dropbox announced it was cutting its workforce by 11 per cent

The total value of share-related payments to Irish employees at Dropbox, the online storage company, dropped from $12.4 million to $5.3 million in 2019.

The reduction reflected the impact of the parent company’s flotation on the stock exchange in 2018, which produced a windfall for its 161 Irish employees at the time.

The company gives two types of share-based payments, share options and restricted stock units (RSUs). The company has declined to issue any new share options to...

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