DoorDash to lay off 1,250 corporate employees | CNN Business

The cuts represent about 6% of DoorDash’s staff, according to a company spokesperson. DoorDash CEO Tony Xu shared the layoff news in a memo to staff early Wednesday, calling it “the most difficult change to DoorDash that I’ve had to announce in our almost 10-year history.” “If you are among those impacted, I am truly sorry and I apologize to have some of you wake up to this news as opposed to reading it during more normal hours,” Xu added.

Xu said that DoorDash “sped up our hiring to catch up with our growth and started many new businesses in response to feedback from our audiences.” While “most of our investments are paying off,” Xu wrote, “we were not as rigorous as we should have been in managing our team growth.” He added: “That’s on me. As a result, operating expenses grew quickly.

How many CNN letting go of today? But look over here!

If finances get tough and accounts go into collections - you can make your debt collectors pay you. DOORDASH

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American consumers got holiday shopping off to a strong start | CNN BusinessAmericans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite decades-high inflation and a potential recession looming in 2023. I bet a majority charged it to the credit cards and will worry about the payments next year!! It is what happens when you have a lot of money, then all of a sudden due to inflation, it is all gone. there's always a 'despite' no matter how good the news. Yes I blew off brick and mortars 100% all Amazon
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