Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce (Jackie Davalos/Bloomberg)

Jackie Davalos / Bloomberg:
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce  —  DoorDash Inc. is laying off about 1,250 people in an effort to rein in expenses, according to a company memo from Chief Executive Officer Tony Xu viewed by Bloomberg.