Canva announces major job cuts after ‘hardest year yet’; CEO sends layoff email
Canva has made the tough decision to downsize, reducing its workforce by 1,271 employees, which amounts to 22% of its total staff. This strategic move aims at fostering smaller, more agile teams in response to recent growth slowdowns. The company is committed to supporting those affected with severance packages and additional benefits.
Australian graphic design software firm Canva has announced significant workforce reductions, affecting 1,271 employees, or 22% of its global team, marking the company's toughest year in its 13-year existence. Co-founder and CEO Melanie Perkins described the move as the hardest decision in Canva's history, as the company seeks to refound itself for the next chapter.
The restructuring includes merging divisions, reducing management layers, and consolidating responsibilities to empower teams and enhance decision-making. Canva will also relocate some employees and encourage a hybrid work model in Sydney. Affected workers will receive support, including six months of salary, healthcare coverage, career coaching, and access to an alumni network.
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