DoorDash announced that it will lay off more than 1,200 employees in order to reduce operating expenses that, 'if left unabated – would continue to outgrow our revenue.'
Evercore ISI Senior Managing Director Mark Mahaney shares his DoorDash and Amazon stock price targets for 2022.
CEO Tony Xu apologized to affected employees in a blog post, saying that this is the "most difficult change to DoorDash" that he has had to announce in its nearly 10-year history.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego to Release 250 Million Gallons of Water from Hodges Reservoir Into Nearby RiverThe water release, using valves in Hodges Dam, will begin Monday and is intended to reduce the reservoir’s elevation by around two feet to 275 feet, according to the city.
Read more »
City to release 250 million gallons from Hodges Reservoir over two daysThe city will release around 250 million gallons of water from Hodges Reservoir into the San Dieguito River over a two-day period starting Monday.
Read more »
Purse-snatcher dragged woman over 250 yards in robbery at League City Kroger, police sayThe suspect reportedly knocked the woman loose from his car by striking her body into another vehicle. Officials said he is a person of interest in over a dozen purse snatchings.
Read more »
Mauna loa spewed lava up to 200 ft in sky, 'massive glow' seen from calderaThree of the volcano's vents have erupted and spewed lava down the Northeast Rift Zone.
Read more »
USD Index Price Analysis: The 200-day SMA holds the downside so farDXY reverses the initial downside and looks to extend the move further north of the 106.00 mark on Tuesday. In case the recovery becomes more serious,
Read more »
AUD/JPY seesaws near 200-DMA despite downbeat Aussie inflation dataAUD/JPY seesaws near 92.75, printing mild losses during early Wednesday after downbeat Australia inflation data. Even so, the cross-currency pair rema
Read more »