Thndr Claps » U.S. Claps » Tech 📲 » DoorDash pushing people out the door 🚪
The ClapDoorDash (NYSE:DASH) trimmed around 6% of its workforce to control costs.
WhatThe pandemic helped boost the company’s activities, as more people would stay home and order food rather.
Inflation, however, has impacted consumer behavior significantly and has driven costs up relative to the demand from consumers.
So WhatThe company’s operating expenses will be higher than revenues if the company’s spending is not controlled.
Now WhatDoorDash’s larger-than-anticipated Q3 net loss of $295 million raised concerns about the growth potential of delivery companies as COVID restrictions ease.
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