Aussie Adobe assailant Canva announces layoffs in re-org affecting 22% of staff
No mention of AI, but a nod to the pace of technological change
Canva, the Australian design software company, has announced a restructuring plan that will see 22 percent of its 1,271 employees affected, with layoffs, role changes, and relocation requests. CEO Melanie Perkins announced the news via a message titled "An important update on our team," which did not mention AI but highlighted the transformative potential of new technology.
Perkins noted that Canva's growth rate had slowed for the first time in a decade and that small changes were no longer sufficient for continued success. She concluded that a complete overhaul was necessary. The changes will see Canva unify its product, growth, and platform teams into a "Product Org," aiming to provide clearer ownership, autonomy, and flexibility.
The CEO apologized multiple times for the changes, assuring affected staff of support, including relocation assistance and severance packages. Canva, valued at $5.6 billion, has 260 million monthly users and generated $3.5 billion in revenue last year. The company has become a rival to Adobe in the design software market.
Written by urgent.news from The Register's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
