> Was the COO fired? It sounds like she was, reading this article.
Knowing nothing about the internals at Dropbox, it does sound like it (on the surface at least). Having worked at a couple major tech companies now, executives never get fired. They "step down", or go on sabbatical ... and never come back. The usual hallmark of the action is that the email about it isn't sent by the leaving executive themselves, it's sent by their boss.
Normal employees don't tend to have these options, but executives are so high profile that it seems to be an informalized practice for both company and executive to save face. It's hard to worry about them too much though because their exit package is likely more than than most of us could make given ten years.
Also, the terms of whatever seperation gets figured out often includes keeping the exec as an employee (in a legal sense). They might not actually be doing any meaninful work, but but they still get the paychecks, extended time to exercise options/stock, health benefits, etc ...
Probably asked to resign. If the business is continuing to fail, and the CEO doesn’t take responsibility, someone has to be sacrificed for the board, share holders, etc.
Is this a move to further reduce cost by rehiring in less-expensive locations? I imagine engineering functions will also be affected.