Around 1,250 workers are being laid off. During the covid pandemic, the company grew too quickly, leading to an increase in operating expenses that could grow the company's revenue.
We were not as strict in managing our team growth as we should have been. I have to take responsibility for that. As a result, operating expenses grew fast. I made a painful decision to reduce our team size.
The company is not immune to the current economic challenges. Some departments were hit the hardest by the layoffs.
17 weeks of compensation will be given to workers affected by the job cuts. Through March 31st, 2023, employees will continue to receive healthcare benefits and gain access to a directory that will allow other companies to contact and recruit them. For employees in the US on a visa, DoorDash will give them enough time to find a new job if they decide to leave.
Several technology companies are laying off employees. The layoffs affecting several companies were preceded by the halving of the staff at the micro-blogging site. Meta and Amazon both announced massive job cuts earlier this month.
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