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Canva CEO Melanie Perkins Takes a Unique Approach to Layoffs
Sentiment: NeutralHigh Priority
What Happened?
Canva's CEO Melanie Perkins is implementing a supportive strategy for layoffs affecting 1,271 employees. The company offers generous severance packages and career support.
Key points
- Canva's layoffs affect 1,271 employees, about 22% of its workforce.
- The severance package includes six months' salary and continued healthcare coverage for eligible countries.
- Employees will receive career coaching, interview preparation, and a one-year LinkedIn Premium subscription.
- Canva is offering $10,000 grants for employees wanting to start businesses or projects.
- The company will not seek equity in ventures supported by these grants.
Key insights
- Canva's empathetic approach could set a new standard for layoffs in the tech industry.
- The generous support may help maintain a positive company reputation despite job cuts.
- Other companies might feel pressured to adopt similar supportive measures.
Why it matters
Canva's approach to layoffs may influence how other companies handle workforce reductions.
Tags
Entities
Canva· CompanyMelanie Perkins· Person
Source
India Today
