Figma Provides Staff with Stock Options and Buyouts Following Failed Adobe Agreement

Following the collapse of a proposed $20 billion acquisition by Adobe, Figma's CEO Dylan Field has offered employees the option to voluntarily leave the company in exchange for three months of pay. In a bid to adjust employees' compensation as the design software startup's valuation reverts to half of the announced deal price, Figma is ramping up equity plans. This strategy could help retain staff, particularly recent hires, from being lured away by other companies. Despite the setback, Figma received a $1 billion breakup fee from Adobe in December and currently has 58 positions available on its jobs site. The scenario mirrors other startups that have been forced to raise down-rounds or seen their secondary market prices decrease significantly.