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.
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