DoorDash Releases Third Quarter 2021 Financial Results
<p>Doordash, the nation&#8217;s leading food delivery service, has laid off 311 workers at its headquarters in San Francisco according to a WARN filing with the state of California.</p>
<p>The company had announced it would cut 1,250 jobs on November 30. Another 75 were cut at its Los Angeles offices according to a separate WARN filing. Layoffs also affected Wolt, a delivery service in Finland that was bought by Doordash this year but it&#8217;s unknown how many job cuts were made overseas.</p>
<p>The job cuts are all effective by March 1, 2023.</p>
<p>The cuts only apply to corporate workers and not to Doordash&#8217;s delivery drivers &#8212; also known as dashers.</p>
<p>Doordash has yet to turn a profit and its stock value has dropped nearly 65% in 2022.</p>
<p>CEO Tony Xu blamed layoffs on hiring too many workers during the pandemic. Xu said laid off workers will receive the following:</p>
<ul>
<li><strong>Pay + RSU vest</strong>: Anyone impacted will receive 17 weeks (13 weeks + 1 four-week lump sum severance pay) of compensation, as well as your February 2023 stock vest.</li>
<li><strong>Healthcare: </strong>All health benefits will continue through March 31, 2023. Thereafter, employees will be able to opt in and pay for COBRA coverage for up to 18 months.</li>
<li><strong>Immigration support:</strong> The termination date will be set for March 1, 2023, giving those with visa applications (and a desire to stay in the US) as much time as possible to find a new job.</li>
<li><strong>Career transition</strong>: The company has created an opt-in directory for companies to reach laid off workers and offer recruiting support to help them find their next job.</li>
</ul>
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