While employees at many companies, including Apple and Amazon, have publicly agitated for this kind of flexibility, the decision to revamp the offices - including closing the Tuck Shop and cutting most of the other on-site perks - rankled a significant chunk of Dropbox's workforce, insiders said.

Dropbox called the approach 'virtual first,' saying that letting employees come and go from offices as they pleased was 'the future of work.' The building housing Dropbox's San Francisco headquarters sold last year for $1.08 billion.

In October 2020, Dropbox announced it would turn all of its offices into flexible, WeWork-like coworking spaces. He added that Dropbox was one of the fastest cloud-software companies ever to reach a billion dollars in revenue. The perks reflected a company with its star once more on the rise after a period of cost cutting in 2016: 'This was a super-exciting, hot company,' said Rishi Jaluria, an analyst at RBC. Many of the ingredients were locally sourced, and the kitchen even grew its own microgreens, aged its own meats and cheeses, made its own ice cream, and served its own wine.ĭropbox's San Francisco headquarters itself had a state-of-the-art Equinox-like gym, a full coffee bar with freshly roasted beans, a karaoke studio, an arcade, a yoga and meditation room, and a regular slate of events - including happy hours, dessert hours, and wine tastings. Known as the Tuck Shop, it employed chefs from Michelin-starred restaurants and served up dishes such as artisan pizza, bulgogi, barbacoa tacos, hibachi-grilled fish balls, sautéed shrimp, and beef tataki sushi - all free for Dropbox employees. One of the biggest draws for prospective Dropbox employees was the company cafeteria, a standout even among Silicon Valley's famously lavish employee perks.

Without lavish office perks, it's become harder for Dropbox to keep employees around, insiders say.

Insiders say the loss of the cafeteria was emblematic of how remote work has upended its culture.

When Dropbox closed its San Francisco offices, it also lost its famously posh cafeteria.

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