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● LIVE Updated 12m ago · 21 sources tracked

Canva lays off over 1,200 people amid slowing growth

Design platform Canva is cutting 1,271 employees, representing 22 percent of its workforce, following a major reorganization and restructuring. CEO Melanie Perkins described the period as the company's hardest year yet, citing high artificial intelligence costs and the first growth slowdown in a decade. The job cuts impact teams across the company as the business responds to financial pressures, market headwinds, and challenges within the artificial intelligence design sector.

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  • ✓ Canva is cutting 22 percent of its staff, affecting 1,271 employees.
  • ✓ CEO Melanie Perkins called the period the company's hardest year yet.
🛡️ Source Corroboration: 21 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Canva announced a sweeping reorganization and layoffs that eliminate 22 percent of its total staff.

Live updates

  1. Canva Lays Off Over 1,200 Employees Amid Slowing Growth

    Design platform Canva is cutting 1,271 employees, representing 22 percent of its workforce, following a major reorganization and restructuring. CEO Melanie Perkins described the period as the company's hardest year yet, citing high artificial intelligence costs and the first growth slowdown in a decade. The job cuts impact teams across the company as the business responds to financial pressures, market headwinds, and challenges within the artificial intelligence design sector.

    Why it matters

    The reductions mark a major shift for a company that experienced consistent expansion over the prior ten years. The restructuring follows a key backer cutting its valuation and arrives alongside broader difficulties in integrating artificial intelligence features smoothly into the design platform.

    What is confirmed

    • Canva is cutting 22 percent of its staff, affecting 1,271 employees.
    • CEO Melanie Perkins called the period the company's hardest year yet.

    What to watch next

    • Further statements from company leadership regarding artificial intelligence rollout challenges
    • Updates on the company valuation and financial performance following the restructuring
    Sources used for this update (21)
    1. techcrunch.com — TechCrunch | Startup and Technology News
    2. www.hindustantimes.com — Stock market today: S&P 500, Dow Jones, Nasdaq futures fall as US inflation hits 3.7% in September | Hindustan Times
    3. tech.yahoo.com — 5 Classic SNES Games That Are Unplayable Today - Yahoo Tech
    4. cashwalklabs.io — GM will switch to Nasdaq from the NYSE on Nov. 17
    5. www.egerin.com — Apple’s touchscreen MacBook Pro pushes laptop pricing to a new extreme | TechCrunch
    6. The Verge — Canva is announcing changes and layoffs affecting 22 percent of its staff
    7. BBC — Canva announces major job cuts after 'our hardest year yet'
    8. Bloomberg.com — Canva Announces Layoffs, Job Changes for About 22% of Workforce
    9. Business Insider — Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
    10. Reuters — Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
    11. The Information — Canva Lays Off Workers After AI Rollout Problems
    12. TechCrunch — Canva lays off over 1,200 people amid slowing growth
    confidence 100%
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