Major Food Company To Lay Off Over 1,200 Workers

  • Food delivery service DoorDash announced Nov. 30 the company is laying off 1,250 corporate employees as part of an ongoing effort to cut costs.
  • The company sent emails to affected employees to notify them about compensation and other areas of continued support, Xu said in the message. Those who are laid off will receive 17 weeks’ worth of severance pay, as well as healthcare benefits through March 2023.
  • Shares are down over 60% year to date, reflecting a broader stock downturn in the tech sector caused by higher interest rates, according to CNBC.
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