Canva Exit Package Praised As Tech Company Announces Layoffs
Summary
Canva said a restructuring will affect 1,271 employees, or 22 percent of its workforce, though it has not said how many will ultimately leave. Departing staff will receive at least six months’ salary and other support, while the company plans to reorganize teams and make Sydney the main base for more product roles.Key Facts
- Canva announced the changes on Tuesday, November 3.
- The 1,271 affected employees may lose their jobs, have their roles changed, or be asked to relocate.
- Departing employees will receive at least six months’ salary, 12 months of healthcare coverage, and one year of access to Canva Care.
- The company will offer career coaching, interview help, LinkedIn Premium, and the option to keep company-issued MacBooks.
- Departing workers can apply for $10,000 grants through the Canva Collective Fund to start a business or pursue a community project.
- Canva plans to combine its Product, Growth, and Platform operations into one Product organization and reduce management layers.
- CEO Melanie Perkins said Sydney would become the primary home for more product teams and other roles.
- Canva has not published a breakdown of affected roles or confirmed whether artificial intelligence is behind the restructuring.
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