Co-founder and CEO Melanie Perkins announced that the workforce restructuring will eliminate 1,271 roles, though some affected staff will receive relocation offers or alternative assignments. Departing personnel will receive at least six months of salary alongside extended healthcare benefits and hardware retention. To provide further transition support, Canva established a new fund offering US$10,000 grants with zero equity requirements for staff starting independent ventures or community projects.
Key points
Affected staff members will receive a comprehensive exit package covering healthcare, equ…: Affected staff members will receive a comprehensive exit package covering healthcare, equity, and company laptops.
Some impacted employees may be offered alternative internal assignments or requests to re…: Some impacted employees may be offered alternative internal assignments or requests to relocate to centralized corporate hubs.
The company established the Canva Collective Fund to provide equity-free ten-thousand-dol…: The company established the Canva Collective Fund to provide equity-free ten-thousand-dollar grants for departing workers launching ventures.
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Losing a job is probably one of the most haunting experiences in a person's professional life. Beyond the sudden loss of a regular income, it can bring myriad uncertainties about the future and finances. Then there are family commitments as well. Also starting over is not an easy task. While news of big firms laying off employees has become regular, the way they treat employees during such transitions can make a significant difference.
In a recent update, Australian design platform
Canva took a major decision of laying-off its 1,271 employees. But the twist is humane. As part of a major organisational restructuring, the company has announced extensive support for those leaving the organisation.
The compensation includes:- A minimum of six months' salary
- 12 months of healthcare coverage
- Allowing employees to keep their company-issued MacBooks
- Offering a year of LinkedIn Premium subscription
At a time when stories of abrupt job cuts and uncertain employment are increasingly common in the technology industry, Canva chose a more humane, respectable and supportive way.
CEO Melanie Perkins described it the most difficult…
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