DoorDash is laying off around 1,250 corporate employees
says it is laying off around 1,250 employees in the latest instance of belt tightening at a well-known tech company. CEO Tony Xu wrote that DoorDash sped up hiring during the COVID-19 pandemic to catch up with its growth, since the company was actually undersized as of early 2020. Most of DoorDash's investments are said to be paying off. However, Xu noted that "while we’ve always been disciplined in how we have managed our business and operational metrics, we were not as rigorous as we should have been in managing our…