Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
Canva CEO Melanie Perkins wrote a memo explaining how a major reorganization will affect 22% of the company's workforce.
Canva is announcing a significant restructuring that will affect 22% of its workforce, totaling 1,271 employees, according to a memo from the company's CEO Melanie Perkins. The CEO wrote that the reorganization aims to simplify ranks and move roles to Sydney. Employees affected by this change will either see changes to their roles or be relocated.
Some will unfortunately lose their jobs and will receive at least six months' pay. The memo states that this is the company's hardest year yet, with growth slowing for the first time in a decade. Perkins explained that the company is refounding Canva, emphasizing small, empowered teams with the freedom to make decisions and take ownership.
The restructuring includes simplifying team structures, reducing subspecialization, and increasing in-person collaboration, with Sydney becoming the primary home for more product teams.
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