Before diving into the structure of a workspace, you should first consider how content is created, grouped, and shared at your company. We recommend aligning workspaces with the brands, products, or clients your business supports. This allows each distinct area of the business to structure their Figma teams, projects, files, and libraries in a way that makes sense to them.
Within a workspace it often makes sense to split up the work for a single product or business unit into multiple teams in order to organize files and allow for more granular permissions. In the following example we have a company, Acme, with workspaces aligned to multiple products like Audio, Home, Music, and News. Within their music streaming product they may have a mobile app, desktop app, a portal for musicians to manage their music, and a growth team. Each one of these product areas could exist as a team within the Acme Music workspace. And teams related to other products can live within their respective workspaces, making relevant design work easier to discover.
For smaller organizations that may only support a single product or brand, we recommend keeping your workspace setup light and simple, or not using workspaces at all.