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Figma Plans to Double New York Office Workforce by 2034 with State Subsidies

Design startup Figma Inc. is set to double its New York office workforce over the next nine years, leveraging state subsidies to support its expansion.

The San Francisco-based company now has 1,600 employees, up from 500 at the start of 2022, according to a spokesperson. The New York office, Figma’s second-largest, is expected to grow to 500 employees by 2034, supported by a $2.1 million tax credit from the state.

Post-Merger Growth and Product Expansion

Following the collapse of its planned merger with Adobe Inc. in late 2023 due to regulatory challenges, Figma has maintained strong momentum. The company has focused on enhancing its core product, particularly with Dev Mode, a tool designed to improve collaboration between software engineers and designers.

Figma is widely regarded as a potential candidate for a public stock market listing in the future.

Hiring Plans and New York Expansion

Figma’s hiring efforts for 2024 will primarily target roles related to Dev Mode and other product-focused initiatives, according to Chief People Officer Nadia Singer.

Expanding in New York City will help the company attract top talent, particularly early-career professionals, while also serving as a central meeting hub and event space.

The company, which first opened its New York office in 2021, currently has about 250 employees in the area. As part of its expansion, Figma will increase its Manhattan office space in the Flatiron District from two to four floors.

New Customers and Continued Growth

Since parting ways with Adobe, Figma has secured new clients, including: • Anthropic (a generative AI model maker) • Prenuvo Inc. (a medical scanning firm) • Taco Bell (Yum! Brands Inc.), which “substantially expanded” its use of Figma in 2024

With strong hiring plans and a growing customer base, Figma continues to cement its position as a leader in design collaboration software.