Envato Layoffs
June 2022
Envato announced a layoff affecting 100 employees in June 2022. The company operates in the Marketing sector.
100
Jun 2, 2022
About
Australian digital asset marketplace Envato has initiated a restructuring process, resulting in approximately 100 redundancies globally. This represents about one in seven employees, based on the company's 2020 headcount of around 600. Announced in early June 2022, the layoffs affect roles across Australia, New Zealand, Mexico, and the USA. CEO Hichame Assi stated the cuts are part of an effort to sharpen the company's business focus, update its core areas, and wind down ancillary products. The tech industry firm is providing impacted staff with a minimum of 12 weeks' pay and outplacement support.
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