SAN FRANCISCO: Food delivery service DoorDash Inc said today it was cutting about 1,250 jobs in a bid to reduce costs in the face of a global economic slowdown.
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.