According to 10-K filings, Doordash went from 3,886 to over 8,600 employees in calendar year 2021 (!!!). While the global macroeconomic situation is certainly f

According to 10-K filings, Doordash went from 3,886 to over 8,600 employees in calendar year 2021 (!!!). While the global macroeconomic situation is certainly fragile right now, the current trend towards corporate-tech layoffs needs to be viewed through this lens. Most public tech companies hired a truly ludicrous number of people in 2021, and the 2022 layoff season is more of a market rebalancing than an overall market shrinkage.