From mint · Livemint · · 1m 10s
Canva layoffs: Severance package for 1,271 employees
Canva offers 6 months' salary, MacBooks and career support to 1,271 laid-off employees.
In brief
Canva offers 6 months' salary, MacBooks and career support to 1,271 laid-off employees. Canva provides severance packages including six months' salary, healthcare, MacBooks, and career transition support for 1,271 employees affected by restructuring. Originally reported by mint.
Canva restructuring
Canva announced its first 13-year organizational overhaul involving job cuts and team relocations.
1,271 employees affected
A total of 1,271 employees, or 22% of Canva's workforce, will be impacted by the restructuring.
CEO Melanie Perkins
Canva CEO Melanie Perkins explained the restructuring would affect roles, locations, and team members.
Severance package details
Departing employees receive at least six months' salary, healthcare benefits, and company-issued MacBooks.
Career transition support
Employees get LinkedIn Premium, career coaching, and interview preparation for job transitions.
Canva Collective Fund
Departing employees can apply for US$10,000 grants to launch their own ventures.
Healthcare continuation
Healthcare benefits continue for 12 months in countries where Canva currently offers them.
No equity in ventures
Canva will not seek equity or ownership in businesses launched using the Collective Fund grants.
The short version
Canva provides severance packages including six months' salary, healthcare, MacBooks, and career transition support for 1,271 employees affected by restructuring.
