{
  "id": 18060987,
  "title": "Canva announces layoffs, job changes for about 22% of workforce",
  "url": "https://urgent.news/2026/11/04/canva-announces-layoffs-job-changes-for-about-22-of-workforce-18060987",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T02:32:39.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/canva-announces-layoffs-job-changes-about-22-workforce"
  },
  "original_language": "en",
  "account": "Canva, the Australian online design and publishing platform, has announced significant job cuts and a major restructuring, impacting approximately 22% of its workforce. CEO Melanie Perkins revealed in a note to employees that 1,271 people, or 22 per cent of the company's staff, will lose their jobs, change roles, or relocate to central hubs. The company's decision comes amid concerns over the impact of artificial intelligence on the software industry, as AI technology allows people to create more independently without the need for specialized programs, and companies rely on AI to operate with fewer workers. Perkins emphasized that the reorganization, described as the \"hardest moment in our 13-year history,\" is necessary for Canva to become a simpler business and return to running small, empowered teams. The company will focus on Sydney as its main base for product teams, with more employees working face-to-face and most hybrid staff spending two to three days in the office per week from January. Canva's valuation has fluctuated, peaking at $40 billion in 2021 before dropping to roughly $26 billion the following year due to a tech selloff. While the AI era has brought widespread job losses, investors are uncertain about the financial returns from their investments in AI-related companies.",
  "summary": "The revamp leaves the company in a delicate financial balance",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Canva announces layoffs, job changes for about 22% of workforce",
        "url": "https://urgent.news/2026/11/04/canva-announces-layoffs-job-changes-for-about-22-of-workforce",
        "published": "2026-11-04T00:43:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}