22% is a lot and it seems a clear continuation of the AI-related layoffs, but 6 months of salary + 12 months of healthcare coverage + waiving the 1-year cliff + allowing people to keep the corporate laptop is quite generous.
While the announcement says they are letting people go because they got too big to be able to move quickly, I think that in reality they are replacing many of these roles with agents. You can buy a ton of tokens for what each Australian employee must cost.
I wouldn't be surprised if they were too big regardless - as an outsider looking in, I'm in Australia and up until a few months ago, LinkedIn jobs ads were full of seemingly always-open jobs ads to work at Canva (like 10 different roles open at a time, every time I looked across multiple months).
22% is a lot and it seems a clear continuation of the AI-related layoffs, but 6 months of salary + 12 months of healthcare coverage + waiving the 1-year cliff + allowing people to keep the corporate laptop is quite generous.
While the announcement says they are letting people go because they got too big to be able to move quickly, I think that in reality they are replacing many of these roles with agents. You can buy a ton of tokens for what each Australian employee must cost.
I wouldn't be surprised if they were too big regardless - as an outsider looking in, I'm in Australia and up until a few months ago, LinkedIn jobs ads were full of seemingly always-open jobs ads to work at Canva (like 10 different roles open at a time, every time I looked across multiple months).