Dropbox is laying off roughly 9% of its workforce. Read the memo.

Dropbox announced layoffs of roughly 200 workers. Jakub Porzycki/NurPhoto via Getty Images

Dropbox is dropping the layoffs hammer.

Dropbox co-CEO Ashraf Alkarmi announced on Wednesday that the cloud-based storage company is laying off roughly 9% of its global workforce.

"Today, we're making difficult choices about where we invest and how we organize Dropbox to achieve the product and growth priorities that will matter most for our long-term strategy," Alkarmi wrote in an email to workers that the company posted publicly.

Alkarmi said Dropbox is eliminating roughly 200 roles across its across Engineering, Product, Design, and G&A team.…