The CEO and co-founder of cloud-based file storage company Dropbox has described the current tech environment as tough and challenging but said his own business remains stable and resilient.
Drew Houston was speaking to reporters in Dublin during a visit to Dropbox's international headquarters.
The company employs 3,000 people globally and, while it doesn't provide an exact regional breakdown, Dropbox says it employs hundreds of people in Ireland across areas such as sales, marketing, legal, engineering and finance.
Asked about the current slowdown and job losses in the tech sector, Mr Houston said that some companies saw explosive growth during Covid and over-hired.
"We are fortunate that our business has been pretty stable and resilient, it didn't run up during Covid and it didn't run down, for a lot of our customers Dropbox is mission critical and we facilitate distributed work so customers need Dropbox in good environments and in bad," he said.
"We did our austerity measures in the past year, so I think that has left us somewhat better positioned today," he added.
Mr Houston said they are not cutting jobs but are continuing to monitor things closely.
"It's smart for companies to plan for things to get worse. Our business has been stable and resilient but we are not immune to the macro environment, anything that's bad for our customers is bad for us," he said.
While in Dublin, Mr Houston visited Dropbox's 'Studio' - a purpose built, open-plan office space with breakout rooms and meeting areas.
The company says the studio layout provides employees with a collaborative space to gather in person which it says plays an important part of its 'virtual first' strategy.
