Food delivery service DoorDash Inc said on Wednesday it was cutting about 1,250 jobs in a bid to reduce costs in the face of a global economic slowdown.
A delivery person for Doordash rides his bike in the rain during the coronavirus disease pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020. REUTERS/Carlo Allegri/File Photosaid on Wednesday it was cutting about 1,250 jobs in a bid to reduce costs in the face of a global economic slowdown.of multinational American firms that have laid off employees in recent weeks due to rising operating costs amid decades-high inflation.
"We were not as rigorous as we should have been in managing our team growth ... That's on me. As a result, operating expenses grew quickly," said Chief Executive Tony Xu in a message to employees posted on the company's website.Reporting by Granth Vanaik in Bengaluru; Editing by Devika Syamnath
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