- CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative.- In a message released to the public, Xu offered 17 weeks severance and 2023 vesting as part of the severance package.Delivery service DoorDash is laying off 1,250 corporate workers as part of a continued cost-cutting effort, driven by tapering growth and overhiring, CEO Tony Xu said in a message to employees on Wednesday.Tech industry hiring ballooned during the Covid pandemic and has seen a harsh comedown in recent months as interest rates mute consumer demand and investor confidence.For overseas or visa-sponsored employees, the termination date will be March 1, a decision that Xu told employees would give them "as much time possible to find a new job.""