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according to this CNN article https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.html https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.h..., i

by tuan 4y ago

according to this CNN article https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.html https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.h..., it's about 6% of their workforce.

actusual 4y ago
Yowza, >20,000 employees?? Does that include drivers?
- sergiotapia 4y ago
  I led the tech at a similar company and most of our "drivers" were not W2 employees. I imagine the drivers are the same.
- csa 4y ago
  I assume that drivers are “gig workers” who can’t be laid off.
NelsonMinar 4y ago
CNBC says 8600 corporate employees, so this would be 15%. https://www.cnbc.com/2022/11/30/doordash-lays-off-1250-employees.html https://www.cnbc.com/2022/11/30/doordash-lays-off-1250-emplo...
- mrweasel 4y ago
  While I do feel sorry for the people who are losing their jobs, I do wonder why so many of these unicorns / VC funded / startups / Silicon Vally darlings, all seems like they are, shall we say, a bit overstaffed? If you can lay off between 10% or more of the staff and expect to continue to operate unimpeded, then why didn't they do it sooner? I'm not counting Twitter, because while perhaps overstaffed, firing 50%+ is just nuts.
  - SeanAnderson 4y ago
    Because opportunity cost of expanding into larger markets more quickly was worth the inefficiency until interest rates went up.
  - cheriot 4y ago
    The whole point of taking funding is that it lets a company grow headcount ahead of achieving the sales to sustain it. So they'll estimate that X headcount will be needed Y months in the future. When growth doesn't materialize then X comes down and when funding is less available then Y comes down. Then they have layoffs. X and Y became unusually high in 2021. If we have an actual recession I'd expect more layoffs from the same companies.
  - mansion7 4y ago
    Senior Twitter engineer Siru Murugesan claimed that he only worked four hours per week and acted as though this were not at all uncommon. He also bluntly stated that Twitter was not concerned with being a profitable business venture, as they were not capitalists but socialists (his words). This was backed up by "Lead Client Partner" Alex Martinez, who stated that Twitter's focus on being ideologically driven led to them becoming unprofitable. Unless Twitter's culture of unprofitability and dead weight employment programs is unique in SV, perhaps other companies in midst of layoffs have similar reasons as did the new Twitter owner.

by tuan 4y ago

according to this CNN article https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.html https://www.cnn.com/2022/11/30/tech/doordash-layoffs/index.h..., it's about 6% of their workforce.

actusual 4y ago

Yowza, >20,000 employees?? Does that include drivers?

sergiotapia 4y ago
I led the tech at a similar company and most of our "drivers" were not W2 employees. I imagine the drivers are the same.
csa 4y ago
I assume that drivers are “gig workers” who can’t be laid off.

NelsonMinar 4y ago

CNBC says 8600 corporate employees, so this would be 15%. https://www.cnbc.com/2022/11/30/doordash-lays-off-1250-employees.html https://www.cnbc.com/2022/11/30/doordash-lays-off-1250-emplo...

mrweasel 4y ago
While I do feel sorry for the people who are losing their jobs, I do wonder why so many of these unicorns / VC funded / startups / Silicon Vally darlings, all seems like they are, shall we say, a bit overstaffed? If you can lay off between 10% or more of the staff and expect to continue to operate unimpeded, then why didn't they do it sooner? I'm not counting Twitter, because while perhaps overstaffed, firing 50%+ is just nuts.
- SeanAnderson 4y ago
  Because opportunity cost of expanding into larger markets more quickly was worth the inefficiency until interest rates went up.
- cheriot 4y ago
  The whole point of taking funding is that it lets a company grow headcount ahead of achieving the sales to sustain it. So they'll estimate that X headcount will be needed Y months in the future. When growth doesn't materialize then X comes down and when funding is less available then Y comes down. Then they have layoffs. X and Y became unusually high in 2021. If we have an actual recession I'd expect more layoffs from the same companies.
- mansion7 4y ago
  Senior Twitter engineer Siru Murugesan claimed that he only worked four hours per week and acted as though this were not at all uncommon. He also bluntly stated that Twitter was not concerned with being a profitable business venture, as they were not capitalists but socialists (his words). This was backed up by "Lead Client Partner" Alex Martinez, who stated that Twitter's focus on being ideologically driven led to them becoming unprofitable. Unless Twitter's culture of unprofitability and dead weight employment programs is unique in SV, perhaps other companies in midst of layoffs have similar reasons as did the new Twitter owner.