Canva cuts jobs, laid off employees get free MacBook and LinkedIn Premium

Times of IndiaIndependentCenterNov 4

Canva, an Australian design software company, has announced significant layoffs affecting 1,271 employees, which constitutes approximately 22% of its global workforce. Co-founder and CEO Melanie Perkins described the period as the company's 'hardest year' due to slowing growth rates for the first time in a decade. The restructuring involves merging product, growth, and platform divisions into a single organization to improve efficiency and reduce management layers. Affected employees will receive at least six months of salary, healthcare coverage, and career support services. Additionally, Canva is establishing a fund to provide $10,000 grants to eligible departing staff who wish to start businesses or community projects.

Bias read (Center): The article reports corporate financial decisions using neutral language and direct quotes from the CEO without injecting political commentary or partisan framing.

India TodayIndependentCenterNov 4

Design software company Canva has announced the layoff of 1,271 employees, representing 22% of its global workforce, citing its 'hardest year' in history. CEO Melanie Perkins stated that the decision was necessary due to challenging economic conditions, though specific teams or regions were not identified. In addition to standard severance packages consisting of at least six months' salary and twelve months of healthcare coverage, Canva is providing unique support measures to aid transition. Laid-off staff will retain their company-issued MacBooks and receive one-year subscriptions to LinkedIn Premium, alongside access to career coaching and resume review services. The company has also established an alumni talent directory shared with partners and created a fund offering $10,000 grants to affected employees.

Bias read (Center): The article presents corporate HR policies and financial data neutrally without attributing political motives or using loaded language regarding the management decisions.