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DoorDash Announces Layoffs But Is That Enough to Lift the Stock?

DoorDash Announces Layoffs But Is That Enough to Lift the Stock?

Delivery service DoorDash announced Wednesday that they are laying off 1,250 staffers to help rein in costs. I don't know about their cost structure, so I don't know if this move will indeed help, but I will present you with their charts to see what traders may be thinking about the stock.