Canva to cut or relocate over 1,200 jobs in major restructure
The Australian design platform is eliminating 22% of its global workforce as part of a significant organisational overhaul.
At a glance
- Canva is eliminating or relocating 1,200+ jobs, 22% of global workforce
- Chief executive called it the hardest moment in the company's 13-year history
- Restructure reflects tech sector competition from AI disrupters
Canva is cutting or relocating more than 1,200 positions, representing 22% of its global workforce. Chief executive Melanie Perkins described the restructure as "without doubt the hardest moment in our thirteen-year history" in a message to staff.
The move reflects broader trends in the technology sector, where software companies are adapting to competition from cheaper artificial intelligence alternatives while integrating AI capabilities into their own products.
Why it matters
The layoffs reflect a wider pattern across technology companies responding to competitive pressure from artificial intelligence while developing their own AI tools.
Original reporting
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