Is there something wrong in that my baby wakes up every 30-40 minutes for a feed during the night?

my baby is only 1 week old today and is waking up every 30-40 minutes during the night to feed. Me n my partner have tried to settle her by cuddles and just close contact but it doesnt work. My partner is Feeding and baby seems to have a really good feed everytime but we cannot get any sleep at all. Is it worth puting her on C&G infant formula for hungrier babies?