Elon Musk Fears Economic Disaster if This Is Not Done Immediately

The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts.

On Nov. 30, DoorDash was the umpteenth company to announce drastic cost reductions, including the elimination of 1,250 corporate workers. The company employed 8,600 corporate staff at year-end 2021.

“Our business has been more resilient than other e-commerce companies, but we too are not immune to the external challenges and growth has tapered vs. our pandemic growth rates,” the food-delivery company’s chief executive, Tony Xu, told employees.

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