DoorDash cuts 1,250 jobs to rein in costs

This post was originally published on this site

The company joins a list 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.

As of Dec. 31, 2021, the company had more than 8,600 employees worldwide.