Canva Announces Layoffs in Restructure Affecting 1,271 Workers
Canva's restructuring affects 1,271 workers through layoffs, role changes, and relocation. Here's what it means for tech workers and enterprise customers. The post Canva Announces Layoffs in Restructure Affecting 1,271 Workers appeared first on TechRepublic .
Canva announced it will cut 1,271 jobs in a restructuring that follows a decade-long slowdown in company growth. CEO Melanie Perkins described the slowdown as the company's first in a decade. The restructuring involves layoffs, role changes, and employee relocations.
The Australian company will move from having separate product, growth, and platform teams to one consolidated product organization with fewer management layers. Product teams will focus on building rather than navigating how work gets done. Most employees will work two to three days per week in Sydney.
Severance, relocation, and career assistance will be provided to affected employees. Canva is offering US$10,000 grants to workers interested in starting independent projects. The changes come as AI costs become a growing challenge for software companies. While Canva has not directly linked the layoffs to AI, other tech firms have explicitly tied layoffs to increased AI investments.
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