Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
Design software giant Canva is restructuring operations, impacting 1,271 employees or 22% of its workforce through job cuts, role changes, and relocation requests. CEO Melanie Perkins announced the reorganization in a memo after the company experienced its hardest year yet, driven by a growth slowdown and artificial intelligence challenges. Affected workers facing layoffs will receive at least six months of pay, along with a support package featuring a year of healthcare, career coaching, and $10,000 project grants.
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- ✓ Canva is restructuring operations affecting 1,271 employees, or 22% of its workforce.
- ✓ CEO Melanie Perkins announced the reorganization in a memo following a slowdown in growth.
- ✓ The restructuring package includes at least six months of pay for employees who lose their jobs.
- ✓ The severance package also provides a year of healthcare, career coaching, and $10,000 project grants.
What changed
Canva announced a major corporate restructuring and workforce reduction affecting over 1,200 employees.
Live updates
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Canva Restructuring Affects 22% of Workforce
Design software giant Canva is restructuring operations, impacting 1,271 employees or 22% of its workforce through job cuts, role changes, and relocation requests. CEO Melanie Perkins announced the reorganization in a memo after the company experienced its hardest year yet, driven by a growth slowdown and artificial intelligence challenges. Affected workers facing layoffs will receive at least six months of pay, along with a support package featuring a year of healthcare, career coaching, and $10,000 project grants.
Why it matters
The sweeping corporate overhaul arrives as growth slows for the company for the first time in a decade, prompting management to favor smaller, more empowered teams. Alongside staffing reductions, the restructuring involves simplifying corporate ranks and relocating certain roles back to Sydney. The severance provisions and transition support drawn up by leadership have received widespread public praise online.
What is confirmed
- Canva is restructuring operations affecting 1,271 employees, or 22% of its workforce.
- CEO Melanie Perkins announced the reorganization in a memo following a slowdown in growth.
- The restructuring package includes at least six months of pay for employees who lose their jobs.
- The severance package also provides a year of healthcare, career coaching, and $10,000 project grants.
What to watch next
- Further disclosures from leadership regarding the exact breakdown between job cuts versus role relocations
- Employee and market reactions to the implementation of the Sydney relocation mandates
confidence 95%Sources used for this update (16)
- The Verge — Canva is announcing changes and layoffs affecting 22 percent of its staff
- BBC — Canva announces major job cuts after 'our hardest year yet'
- The Guardian — Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure
- Bloomberg.com — Canva Announces Layoffs, Job Changes for About 22% of Workforce
- Business Insider — Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
- AFR — Canva revenue stuck in mud, confidential data shows; job cuts loom
- Reuters — Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
- Mashable — Canva conducts mass layoffs, over 1200 workers potentially impacted
- TechCrunch — Canva lays off over 1,200 people amid slowing growth
- PYMNTS.com — Canva Cuts Jobs as AI Challenges Design Platform’s Growth
- www.foxbusiness.com — Canva restructuring to affect 1,271 employees, 22% of ...
- www.aol.com — Canva CEO says a major reorganization will affect 22% of its ...
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