Canva announces major job cuts and restructuring of its workforce
The changes are expected to impact around 22pc of the organisation’s workforce and are in response to a recent dip in the company's growth. Read more: Canva announces major job cuts and restructuring of its workforce
Canva, the Sydney-based graphic design company, has announced plans to significantly restructure its workforce, affecting around 22% of its employees. This move is in response to a recent slowdown in the company's growth, its first such dip in a decade. CEO Melanie Perkins disclosed the difficult news to staff, explaining that the restructuring will involve reorganising teams, relocating some workers to centralised hubs, and eliminating certain roles.
Affected employees will receive a minimum of six months' salary, the removal of one-year vesting restrictions for recent hires, 12 months of continued healthcare coverage, and career support. Canva intends to make Sydney the primary hub for its product teams and roles requiring collaboration, with a push from January 2027 onwards for hybrid employees to return to the office, two to three days a week.
This restructuring follows similar decisions made by other organisations grappling with financial challenges, such as Virgin Media O2 laying off thousands of employees and dropbox cutting around 200 jobs.
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