Canva cuts 1,271 jobs as design giant restructures operations

Summarised from 2 outlets · Updated 4 Nov, 02:09 · Archive

Australian software company Canva is eliminating 1,271 jobs, or 22 per cent of its workforce.

Canva, the Australian design software company, is eliminating 1,271 jobs in its first-ever redundancy round, affecting 22 per cent of its workforce. The cuts include staff layoffs and relocations to centralised hubs.

Chief executive Melanie Perkins announced the restructuring in a letter to staff on Wednesday. She said the changes were necessary to 'refound' the company and return it to its roots of 'small, empowered teams with the freedom to make decisions, take ownership and focus on what matters most for our community'. Perkins described it as 'without doubt the hardest moment in our thirteen-year history'.

The $44 billion Sydney-based company has experienced slowed growth for the first time in a decade. Canva will merge its product, growth and platform teams into a single product organisation, cut management layers and consolidate overlapping responsibilities. Perkins said the restructuring would ensure teams had 'the right mix of skills and experience for the chapter ahead'.

How it is being reported

• Aussie Adobe assailant Canva announces layoffs in re-org affecting 22% of staffNo mention of AI, but a nod to the pace of technological changeThe Register · 4 Nov, 00:14
• Aussie software giant Canva cuts hundreds of jobs as AI continues to reshape the workforceDesign giant Canva is slashing more than a thousand roles, or 22 per cent of its workforce.Daily Mail · 3 Nov, 21:32

In this story: Canva · Melanie Perkins · Sydney

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