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DoorDash plans layoffs

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DoorDash is planning to lay off 1,250 corporate employees.

That's about 6% of the company's staff.

“If you are among those impacted, I am truly sorry and I apologize to have some of you wake up to this news as opposed to reading it during more normal hours,” DoorDash CEO Tony Xu said in a memo to staff.

Read more from CNN Business.

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