Doordash Lays Off 311 Workers in San Francisco, 75 in LA

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