At a previous all-hands meeting CEO Tony Xu said that DoorDash is "not for everyone," referring to the stock fluctuations. That slide has set off grumbling among some DoorDash employees who've expressed frustration at a number of changes the company has made in its compensation structure. It was a largely symbolic moment, but at the time it spoke volumes about DoorDash's strong performance in the food-delivery space, while Uber's ride-hailing business struggled to return to its pre-pandemic levels.īoth companies have slid since then, but DoorDash's shares are off far more-50% versus 18% for Uber. On September 16, the company was valued at $74.9 billion, inching above competitor Uber's market cap. "Going forward, we are designing a compensation program to ensure that performance is what drives differences in pay-even in the face of stock volatility," the executives wrote, according to a copy of the email viewed by Insider.ĭoorDash's stock has seen a sharp change in fortunes since the fall. They noted that these workers have been hurt more by the recent stock sell-off, compared with colleagues who joined the company before its public offering in late 2020 and got pre-IPO stock. In an internal email from February, DoorDash executives said the company would be issuing an equity "top up" grant to many staff hired in 2021, to compensate for a sagging stock price. The company said internally it plans to issue some employees extra equity to make up for losses on a stock that's plunged more than 50% since its peak last November. Other tech companies with depressed shares have had to offer better pay or extra equity grants to mollify staff.ĭoorDash executives plan to address its stock woes and issues around employee compensation in an all-hands meeting next week, according to a source familiar with the matter.
DoorDash plans to offer some employees extra equity to compensate for its sliding share price.Account icon An icon in the shape of a person's head and shoulders.
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