Evolv Technologies Holdings, Inc. has terminated its chief executive, signaling a shift in leadership for the security technology company. Meanwhile, Dropbox is undergoing significant changes, announcing a layoff of 20% of its workforce, equating to 528 employees. CEO Drew Houston stated that the layoffs are part of a strategy to enhance efficiency during a transitional period for the company. He noted that Dropbox's traditional file synchronization and sharing business has plateaued, prompting a pivot towards new products such as Dash, an artificial intelligence-powered search tool. Houston emphasized that despite the tough decision to cut jobs, he believes Dropbox is positioned to lead in the file hosting market in the coming years. Additionally, Kirby McInerney LLP has initiated an investigation into shareholder claims against Evolv Technologies.