Canva Restructures Workforce and Cuts Over 1,000 Jobs

Published 5h ago · Latest report 2h ago · Restructuring

Affects Australia · Covered in 2 countries

AI summary36s readNegative

Design platform Canva is restructuring its workforce by cutting and altering over 1,000 jobs.

Design software giant Canva is cutting and reshaping over 1,000 jobs, affecting a fifth of its global workforce. Chief Executive Melanie Perkins cited slowing growth and the need for smaller, more empowered teams after a difficult year. The changes come as the company prepares for the holiday season.

The reasoningChief Executive Melanie Perkins described the period as the company's hardest year yet following a decade of rapid expansion.
The impactMore than 1,000 employees will face layoffs or mandatory role shifts across the organization.

Written from 2 of 4 outlets — 2 have since joined this story.

1 new report since this summary was written 4h ago

Daily ExpressCanva cutting more than 1,200 staff as bosses blame AI for 'hardest year yet'2h ago · open ↗

Not in the AI summary yet. It is rewritten once enough new coverage arrives.

Why it matters

Major technology companies often restructure their workforce to adapt to slowing market growth and shifting economic conditions. Such large-scale reductions can significantly impact employee livelihoods and alter corporate operations in the competitive design software sector.

By the numbers1

1,000staff affected by job cuts or role changes

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What outlets agree on

Canva is restructuring its workforce to affect a fifth of its staff, impacting over 1,000 employees through layoffs or role changes due to slowing growth.

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