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Canva Layoffs: Employees to Receive Free MacBooks and LinkedIn Premium
Sentiment: NeutralHigh Priority
What Happened?
Canva has laid off 1,271 employees, about 22% of its workforce, citing a challenging year. The company is offering generous severance packages, including free MacBooks and LinkedIn Premium subscriptions.
Key points
- Canva announced layoffs affecting 22% of its workforce, totaling 1,271 employees.
- The CEO, Melanie Perkins, stated this was due to the company's hardest year.
- Laid-off employees will keep their company MacBooks and receive a one-year LinkedIn Premium subscription.
- Affected employees will receive at least six months' salary and continued healthcare coverage.
- Canva is setting up a talent directory to help employees find new roles and a fund for business projects.
Key insights
- Canva's approach may set a precedent for how tech companies handle layoffs.
- The inclusion of free MacBooks and career support could enhance employee goodwill.
- The establishment of a talent directory may facilitate quicker re-employment for affected workers.
Why it matters
The layoffs and support packages highlight the challenges in the tech industry and how companies are responding to workforce reductions.
Entities
Canva· CompanyMelanie Perkins· Person
Source
India Today
