"Figma's Response to Collapsed Adobe Deal: Employee Shares and Buyouts Offered"
Originally Published 2 years ago — by Forbes
Figma, a design software startup, is adjusting its employee compensation after its $20 billion acquisition by Adobe fell through. CEO Dylan Field announced a reset of the company's valuation to $10 billion and offered employees the option to leave with three months' pay. The company plans to refresh equity packages for employees and provide additional shares to those who joined during the period of the announced Adobe deal. Figma's move reflects a shift to a more austere startup environment and aims to realign staff pay packages with performance.