The San Francisco-based business had over 8,600 employees at the start of 2022, but head count ballooned to around 20,000 after it closed its deal to buy European food-delivery company Wolt Enterprises Oy earlier this year, a spokesman said. (1250/20000 = 6.25%)
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“We have and will continue to reduce our non-headcount operating expenses, but that alone wouldn’t close the gap,” Mr. Xu said. He also said the business remains strong and more resilient than other e-commerce companies, despite the layoffs.
DoorDash will offer 17 weeks of severance to affected employees. Health care will continue through March 2023. For overseas or visa-sponsored employees, the termination date will be March 1