Canva lays off 1,271 staff, offers six months' pay, MacBooks and healthcare
Australian design platform Canva is laying off 1,271 employees, representing 22% of its workforce, as part of a major organizational restructuring. The company is providing a comprehensive severance package, including six months of salary and extended healthcare, to support affected staff.
Why it matters
The report highlights a shift in corporate culture where tech firms are increasingly prioritizing 'humane' exit packages to mitigate the reputational and personal impact of large-scale layoffs.
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.
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