DoorDash cuts 1,250 jobs in a cost-saving drive
![DoorDash cuts 1,250 jobs in a cost-saving drive DoorDash cuts 1,250 jobs in a cost-saving drive](https://res.cloudinary.com/people-matters/image/upload/fl_immutable_cache,w_624,h_351,q_auto,f_auto/v1669872494/1669872493.jpg)
DoorDash, the online food ordering company, announced cutting about 1,250 jobs, or 6 per cent of its total workforce to cope with a slowdown in demand.
To cater to increased demand during the pandemic, the company went on a hiring spree. However, the sudden drop in demand from inflation-wary customers has left the company grappling with ballooning costs.
"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," Chief Executive Tony Xu said in a memo to employees that was posted on the company's website.