DoorDash said it will lay off about 1,250 corporate employees after growing its team too quickly during the pandemic, making it the latest tech company to cut staff in recent weeks.
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.
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