DoorDash layoffs are another sign that tech companies don't get how we eat.
Tech companies have long had moonshot visions for changing the way people eat and experience restaurants—some more dramatic than others. But recent signs suggest that the good times are over for these grand-planning tech disruptors: DoorDash, the restaurant delivery titan, announced on Wednesday that it was laying off 1,200 corporate employees, or 6 percent of the company’s workforce.
The staff cuts happened mere weeks after DoorDash executives offered a rosy outlook for its future. The company sharedthan Wall Street expected in November, and said its delivery business remained largely unaffected by inflation as customers continued to place orders, paying higher prices rather than give up a convenient meal.
In hindsight, this was all too much, too fast. The company’s CEO claimed full responsibility for the business decisions that led to this week’s layoffs. And he assured current employees that the news wasn’t a sign of more cuts to come, promising to continue hiring, albeit in a “more targeted” way. That could mean focusing less on delivering from restaurants and more on places like convenience stores.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Despite layoffs, one million California jobs remain openExecutive outplacement company Challenger, Gray & Christmas says layoffs more than doubled last month. But with unemployment at just 3.7%, and continuing to decrease, a more in depth and in perspective look at the numbers is important.
Read more »
Bybit announces second round of layoffs in 2022 to survive bear marketWhile announcing the incoming downsizing, Zhou shared his intent to make the offboarding process as smooth as possible.
Read more »
Wells Fargo issues more layoffs in mortgage business - San Francisco Business TimesMore layoffs around the country have reportedly hit San Francisco-based Wells Fargo
Read more »
Australian Crypto Exchange Announces Massive LayoffsSwyftx has fired more than a third of its staff, with the ongoing cryptocurrency winter becoming increasingly brutal
Read more »
Australian crypto exchange Swyftx cuts 90 jobs in second round of layoffsSwyftx has announced 90 job cuts in its second round of layoffs. The Australian crypto exchange fired 74 employees in August.
Read more »
Laid off? Reach out to everyone in your networkAshley Maguire had survived numerous rounds of layoffs, was well-liked and received praise from her boss, but none of that seemed to matter.
Read more »