{
  "id": 18074247,
  "title": "Canva announces major job cuts after ‘our hardest year yet’",
  "url": "https://urgent.news/2026/11/04/canva-announces-major-job-cuts-after-our-hardest-year-yet-18074247",
  "topic": "world",
  "section": "World",
  "published": "2026-11-04T05:37:32.000Z",
  "source": {
    "name": "KBC",
    "slug": "kbc",
    "url": "https://www.kbc.co.ke/canva-announces-major-job-cuts-after-our-hardest-year-yet/"
  },
  "original_language": "en",
  "account": "Canva, a leading Australian startup, has announced significant job cuts affecting 22% of its workforce, totaling 1,271 employees. Co-founder and CEO Melanie Perkins described this as \"the hardest moment in our thirteen-year history.\" The company's value has declined over the past year due to concerns about AI's impact on its business and the cost of integrating the technology. Perkins stated that 2023 was \"our hardest year yet,\" with growth slowing for the first time in a decade.\n\nCanva, with a presence in 37 countries, announced that Sydney would become the primary hub for its product teams. Employees are expected to spend two to three days in the office annually. Earlier this year, backers Blackbird Ventures and Airtree reduced Canva's valuation from A$60 billion to approximately A$49 billion, and the company cut its own internal valuation amid soaring AI expenses for new product development.\n\nPerkins, who co-founded Canva at 19, emphasized that new technology is transforming the way people create, highlighting the company's offerings for users without design skills or technical expertise. These tools help create professional-looking graphics and presentations, ranging from wedding invitations to business pitch decks.",
  "summary": "Canva, one of Australia’s best known start-ups, has announced a shake up of the business that will affect 22% of its workers, including job cuts. In what was “without doubt the hardest moment in our thirteen-year history” co-founder and CEO Melanie Perkins said 1,271 people would either lose their jobs, be asked to relocate or […] The post Canva announces major job cuts after ‘our hardest year…",
  "key_points": [
    "Canva cuts 1,271 jobs, 22% of workforce",
    "Co-founder Melanie Perkins calls it hardest year in 13-year history",
    "Sydney to be primary hub for product teams"
  ],
  "editors_take": "Scaling back its workforce and centralizing operations in Sydney signals a pivot toward managing the high costs and market uncertainty brought on by the rapid rise of artificial intelligence.",
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "BBC Business",
        "title": "Canva announces major job cuts after 'our hardest year yet'",
        "url": "https://urgent.news/2026/11/04/canva-announces-major-job-cuts-after-our-hardest-year-yet",
        "published": "2026-11-04T00:09:35.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "‘Sad and devastated’: Canva cuts hit staff and Australian tech overall",
        "url": "https://urgent.news/2026/11/04/sad-and-devastated-canva-cuts-hit-staff-and-australian-tech-overall",
        "published": "2026-11-04T05:11:03.000Z"
      },
      {
        "outlet": "The Age",
        "title": "‘Sad and devastated’: Canva cuts hit staff and Australian tech overall",
        "url": "https://urgent.news/2026/11/04/sad-and-devastated-canva-cuts-hit-staff-and-australian-tech-overall-18074434",
        "published": "2026-11-04T05:11:03.000Z"
      }
    ]
  },
  "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."
}