DoorDash cuts 1,250 jobs to control ballooning costs

[csrcsr]

https://www.reuters.com/business/retail-consumer/doordash-cuts-1250-jobs-an-effort-rein-expenses-2022-11-30/

[csrcsr]

Employees who are laid off will receive 13 weeks of compensation, along with one four-week lump-sum severance payment. Xu’s memo also says impacted workers will receive their February 2023 stock vest. For visa-sponsored workers, the termination date will be March 1, 2023. Xu says this decision will give them additional time to find a new job.

[csrcsr]

Very thoughtful layoff for visa holders to keep termination date starting from march🙏