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Good products with a GREAT company

Engineering Manager
Current Employee
Has worked at Dropbox for 4 years
September 14, 2022
San Francisco, California
5.0
RecommendsPositive Outlook
Pros

Dropbox REALLY cares about its employees:

  • Company shuts down one extra day per month because remote work is hard. This is on top of the normal US holidays.
  • Work/life balance is highly supported. Meetings are limited to four "Core Collaboration Hours" each day, leaving the rest of the day to get work done. While meetings sometimes stretch outside of CCH, I still end up with big chunks of time to focus on my own work.
  • Personal time is respected. Email and Slack stop after 5 or 6 PM and don't restart until 9 AM, and are non-existent over the weekends.
  • Generous paid Parental Leave of six months, spread over twelve months (can be split into two chunks).
  • 401K matching. Just added an after-tax option and backdoor Roth 401K rollovers.
  • Unlimited PTO is encouraged to a point (obviously taking a large percentage of time off will be noticed and denied).
  • Pay is usually competitive with FAANG.
  • Fully remote, but quarterly budget for getting together for team building/planning provides cross-company, in-person meetings.
  • $7,000 per year for remote expenses covers everything you'd normally get in a tech company: food, WeWork space, exercise equipment, etc.

Good products:

  • Solid product with top-of-market name recognition.
  • Expanding into other markets to continue to grow the business.
  • Strong working relationships across functions and divisions.
Cons

People

  • Attrition is high (due to better pay at startups?)
  • 4-year cliff (similar to other companies) means compensation can drop at year 5
  • No ESPP (But that's just a money giveaway. Who really holds on to the stock vs. immediately selling for the gain?)

Products

  • Fierce competition in the cloud storage market makes significant growth challenging.
  • Adjacent businesses (HelloSign, Doc Send, Paper) are growing, but their future is uncertain.
  • Not leveraging industry standards enough.
Advice to Management
  • Great job investing in people. Keep it up.
  • Push harder/faster into adjacent businesses. Cloud Storage will never be a growth business against OneDrive and Google Drive.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
5.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
4.0
Compensation and Benefits
5.0
Senior Management
5.0

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