DoorDash CEO tells staff the company plans a major slowdown in headcount growth as it focuses on controlling costs
said the company plans to grow headcount by only 10-15% this coming year, according to a person who attended the gathering.
The newly conservative approach comes as DoorDash faces market uncertainty. Despite posting a strong fourth quarter, the shares are off more than 50% from their high last November. The company recently had to address the weak stock price byto some employees to compensate for declines in the value of their existing awards.
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