{
  "id": 18116770,
  "title": "Canva announces sweeping job cuts after ‘hardest year yet’",
  "url": "https://urgent.news/2026/11/04/canva-announces-sweeping-job-cuts-after-hardest-year-yet",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T11:25:02.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/canva-announces-sweeping-job-cuts-after-hardest-year-yet/"
  },
  "original_language": "en",
  "account": "Canva, the Australian design software firm, has announced extensive job cuts affecting over a fifth of its global workforce, totaling 1,271 employees. The restructuring, described by co-founder and CEO Melanie Perkins as \"the hardest moment in our thirteen-year history,\" comes after a challenging year marked by slower-than-expected growth and mounting AI costs. Perkins attributed the decision to the need for the company to adapt to the transformative impact of AI on the creative software industry. The company has not disclosed the exact number of job losses or the countries most affected. Canva, known for its user-friendly design tools, has seen its valuation drop as investors question its ability to compete with increasingly powerful AI tools. While the company's revenue grew 25.2 per cent to $921.9m in the second quarter, it fell short of internal expectations, and Canva reportedly lowered its growth forecast to around 20 per cent. Perkins emphasized the need for the company to streamline its operations, reduce management layers, and focus on smaller teams with greater responsibility. Affected employees will receive at least six months' salary, career support, and continued healthcare benefits, along with $10,000 grants for those interested in launching businesses or community projects. The restructuring follows a series of job cuts across the technology and professional services industries, as businesses seek to cut costs and invest in AI.",
  "summary": "Design software giant Canva has announced a sweeping restructuring affecting more than a fifth of its global workforce, as slowing growth and mounting AI costs put pressure on the Australian tech company. The shake-up will affect 1,271 employees, equivalent to 22 per cent of its workforce, through redundancies, relocations and changes to existing roles. Co-founder [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}