The Dropbox CEO adheres to a 90/10 rule regarding remote employment. Despite the growing demand from business executives for employees to return to the office, Drew Houston, the CEO of Dropbox, a file storage company, continues to promote a predominately remote culture.
Dropbox follows a 90/10 rule, with 90% of the year devoted to distant work and 10% dedicated to a small number of employees off-site, according to an interview published by Fortune on Sunday that featured the company’s CEO.
Houston added that his organization implemented the 90/10 methodology for the first time in 2021.
The San Francisco-based organization, which employed more than 3,000 individuals before a round of downsizing, does not mandate its staff members’ physical presence at the workplace. The company first proclaimed in 2020, during the COVID-19 pandemic, that it would become a “virtual first” organization, making remote work the norm for employees.
“I would say that your staff members have alternatives. “They are not resources to be controlled,” Houston told Fortune in response to a question regarding his message to CEOs who support RTO mandates.
“A different social contract and relinquishment of control are required.” Conversely, individuals will exhibit mature behavior if placed in your trust and treated as such. “Trust rather than surveillance,” he continued.
Forbes estimates that Houston, who co-founded Dropbox in 2007, has an approximate net worth of $2.1 billion.
In stark contrast to other business executives, including Meta CEO Mark Zuckerberg, Goldman Sachs CEO David Solomon, and JPMorgan CEO Jamie Dimon, is his approach.
In July, Dimon, whose organization enforced a five-day workweek requirement for certain staff members and monitored attendance through ID swipe monitoring, stated to the Economist: “I entirely comprehend the rationale behind an individual not desiring to spend an hour and a half each day commuting; I completely received it. Not that they are required to have employment here either.”
Dropbox’s shift towards a predominately virtual work environment has been somewhat favorable. In 2022, former employees disclosed to Insider that this meant the elimination of employee retention-critical benefits, such as the renowned luxury of the company cafeteria.
A former employee who departed in 2021 stated to Insider, “Clearly the company wants to spin it in a very positive light,” adding that the initial transition to virtual work meant fewer opportunities for individuals who prefer to be in the office.
Houston and Dropbox failed to provide immediate responses when Insider contacted them for comment after the close of regular business hours.