Canva co-founder and CEO Melanie Perkins has drawn praise on social media for the company's approach to a major restructuring that will affect 1,271 employees, or around 22% of its workforce. While the layoffs have worried employees, the support package has been described by several social media users as an example of how layoffs can be handled.
\n\nThe restructuring includes job cuts, changes in roles and relocation requirements. Perkins described the decision as the hardest the company has faced in its 13-year history and apologised to employees affected by the changes.
\n\nWhat support has Canva announced for employees?
\n\nAccording to the company's announcement, affected employees will receive at least six months of salary, including statutory entitlements, regardless of where they are based.
\n\nThe support package also includes up to 12 months of healthcare coverage in countries where Canva provides it, career coaching, interview preparation assistance and a one-year LinkedIn Premium subscription. They will be allowed to keep their Canva-issued MacBooks as well.
\n\nIn addition, Canva is setting up the Canva Collective Fund, which will offer grants of US$10,000 to eligible departing employees.
\n\nWhy is Canva restructuring its business?
\n\nPerkins said the company had experienced a slowdown in growth for the…
Original source: https://www.cnbctv18.com/technology/
