Doordash attrition/layoffs
How is the attrition at Doordash, Are many ppl leaving in the company? What is the likelihood for layoffs? The blind company review is not great with many complaints. Is that resulting in ppl finding better job opportunities? TC: 400k
Feels like a lot of the original leadership is leaving. Could be a good thing or a bad thing. They’re responsible for a lot of DoorDash’s success but at the same time they don’t have much industry experience as DoorDash for most is their first job out of college. We’re still hiring but it’s definitely slowing down
Will we have any layoffs ?
Is there chatter about layoffs in the company? Or is the attrition high that it'll solve the problem on its own?
Who trusts financials of a public company? The SEC. Love when people spew uninformed nonsense. Profitable and cash-flow positive are different things. Our cash in the bank is going up and definitely don't expect layoffs anytime soon.
Cash in the bank from Softbank who also decided to dump DD shares. Killer financials bruh
Google, learn to Google maybe https://www.macrotrends.net/stocks/charts/DASH/doordash/cash-on-hand
Try to understand meaning of cash flow and see free cash flow and operating cash flow in earnings reports. You might be good at coding but you seem really dumb at understanding business metrics bro
Is dash actually cash flow positive? The last public statement said it was burning cash like crazy though. How are you all saying it’s cash flow positive when it has burned 20 million in cash last quarter?
Dash was cash flow positive in 2021 about $166 million. In 2022 it went to -$20 million however if you look at the rising R&D costs they were 430.0m itself. They have cash on hand of 2.5 billion. So no, no one’s “burning through cash” here.
The net cash flow is actually -260M for the just last quarter. I could be wrong but I think R&D investments are not part of operations? Also the 430M you’re referring to happened the prior quarter. It’s not even part of the most recent earnings
The cash flow growth is, in part, because it's paying an increasing amount of employee compensation in stock awards.
DD is burning through absurd amts of cash. Fully expect DD to have layoffs as we head into a recession and consumer spending trickles
Yep. I expect the same of Uber and Lyft. These are unprofitable companies with no clear path to profitability.
Did you read our last financial statements? Unprofitable necessarily doesn’t mean we are burning cash. I would suggest read our financials statements before coming to this conclusion. Not kool aid from me.