The company's shares jumped 5% after the news.
said in a statement Wednesday the company was "not as rigorous as we should have been in managing our team growth" during the COVID-19 pandemic, leading to these recent layoffs.
"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 said. Employees will receive 17 weeks of severance and 2023 stock vesting as a part of the severance package, the company said.The company's shares jumped up 5% after the news,
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
DoorDash lays off 1,250 employeesDoordash became the latest tech company to lay off staff, with CEO Tony Xu announcing that over 1200 workers would be laid off as part of broad cost cuts.
Consulte Mais informação »
DoorDash to lay off 1,250 employees as CEO says costs grew too fastFood-delivery platform DoorDash becomes the latest technology company to admit that it grew expenses too rapidly for the current climate
Consulte Mais informação »
DoorDash cuts 1,250 jobs to rein in costsFood delivery service DoorDash Inc said on Wednesday it was cutting about 1,250 jobs in a bid to reduce costs in the face of a global economic slowdown.
Consulte Mais informação »
DoorDash Cuts Staff by 1,250 to Rein in CostsGrowth has tapered from pandemic highs, the chief executive said in a memo to staff, and operating costs would continue to outpace sales growth if left unaddressed.
Consulte Mais informação »
DoorDash lays off 1,250 employees to cut costsDoorDash 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.'
Consulte Mais informação »
DoorDash to lay off 1,250 corporate employees | CNN BusinessDoorDash on Wednesday 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.
Consulte Mais informação »