Topic - Tony Xu

“This hard reality ultimately led me to make this painful decision to reduce our team size," Xu said.

DoorDash cuts 1,250 jobs after pandemic hiring surge →

And Xu said DoorDash, which already controls half the U.S. meal delivery market, sees the potential for plenty of growth ahead, especially as DoorDash adds convenience and grocery stores to its platform and expands internationally.

DoorDash's sales triple in Q4, but 2021 could see slowdown →