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● LIVE Updated 1h ago · 17 sources tracked

Canva announces major job cuts after 'our hardest year yet'

Canva is reducing its staff by approximately 22%, impacting over 1,200 employees. CEO Melanie Perkins stated the company is undergoing a major business overhaul and restructuring after what she described as their hardest year yet. Departing employees are being offered six months of salary, healthcare, and free MacBooks. The layoffs follow a growth slowdown and challenges associated with the rollout of artificial intelligence tools, forcing the design platform to rethink its strategy to align with a revised revenue growth outlook.

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⚡ Key Developments & Real-Time Context
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  • ✓ Canva is cutting approximately 22% of its workforce.
  • ✓ Over 1,200 workers are impacted by the layoffs.
  • ✓ CEO Melanie Perkins described the previous period as the company's hardest year yet.
  • ✓ The company is restructuring due to a growth slowdown.
🛡️ Source Corroboration: 17 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Canva confirmed the layoff of 22% of its workforce and detailed severance packages for impacted staff.

Live updates

  1. Canva cuts 22% of workforce following hardest year yet

    Canva is reducing its staff by approximately 22%, impacting over 1,200 employees. CEO Melanie Perkins stated the company is undergoing a major business overhaul and restructuring after what she described as their hardest year yet. Departing employees are being offered six months of salary, healthcare, and free MacBooks. The layoffs follow a growth slowdown and challenges associated with the rollout of artificial intelligence tools, forcing the design platform to rethink its strategy to align with a revised revenue growth outlook.

    Why it matters

    The company is shifting its focus toward an accelerated AI strategy as revenue growth has stalled. This restructuring occurs amid a broader tech industry trend where over 200,000 jobs have been lost in 2026.

    What is confirmed

    • Canva is cutting approximately 22% of its workforce.
    • Over 1,200 workers are impacted by the layoffs.
    • CEO Melanie Perkins described the previous period as the company's hardest year yet.
    • The company is restructuring due to a growth slowdown.

    Still unconfirmed

    • Canva may announce additional redundancies or a hiring freeze in November.

    What to watch next

    • Confirmation of further redundancies or a hiring freeze in November
    • Updates on revenue growth following the AI strategy pivot
    Sources used for this update (18)
    1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
    2. www.newsweek.com — Correction policies and requests
    3. www.hindustantimes.com — Stock market today: S&P 500, Dow Jones, Nasdaq futures fall as US inflation hits 3.7% in September | Hindustan Times
    4. tech.yahoo.com — 5 Classic SNES Games That Are Unplayable Today - Yahoo Tech
    5. www.theleader.com.au — Murderer fails to overturn Vegemite prison ban
    6. BBC — Canva announces major job cuts after 'our hardest year yet'
    7. Bloomberg.com — Canva Announces Layoffs, Job Changes for About 22% of Workforce
    8. AFR — Canva revenue stuck in mud, confidential data shows; job cuts loom
    9. Reuters — Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
    10. Mashable — Canva conducts mass layoffs, over 1200 workers potentially impacted
    11. Forbes Australia — Canva layoffs impact 1,200 after design giant’s ‘hardest year yet’
    12. The Information — Canva Lays Off Workers After AI Rollout Problems
    confidence 90%
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