Why Is Canva’s Layoff Package Drawing Applause? Departing Staff Get Six Months’ Pay, Free MacBooks and US$10,000 to Start a Business
Canva is cutting 1,271 jobs, about 22 per cent of its staff, after its growth slowed and competition from AI design tools grew. Those leaving will get at least six months' salary, 12 months of healthcare cover where offered, career support, their company laptops and the chance to apply for a US$10,000 startup grant.
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