According to a filing with the SEC, Dropbox estimates it’ll lay out total cash expenditures of $63 million to $68 million on the layoffs, primarily in the form of severance and benefits, and recognize $47 million to $52 million of incremental expense. Most of the payouts will occur in Q4 2024, with the remainder to be recognized in H1 2025.

Affected employees will receive severance, equity, and transition payments, as well as certain healthcare and benefits and job placement services.