Source: All Content from Business Insider
Rather than extracting value from departing employees through non-competes and IP claims, companies like Canva are offering grants and accelerator spots to laid-off workers who want to start ventures. This reflects a tightening labor market where talent retention matters even post-departure and a pragmatic calculus: companies gain goodwill and potential acquisition pipelines (new startups may become clients or targets), while workers receive material support beyond a check and health insurance continuation. Severance is becoming a brand differentiator in competitive talent markets, with downstream business logic attached.