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● LIVE Updated 28m ago · 22 sources tracked

Canva to restructure operations, affecting 22% of workforce as growth slows

Australian graphic design platform Canva is restructuring operations to eliminate or restructure 1,271 positions, affecting 22% of its global workforce. Co-founder and Chief Executive Officer Melanie Perkins announced the organizational overhaul in a message to employees, citing the company's hardest year yet and the first time growth has slowed in a decade. The cuts involve layoffs, role changes, and relocation requests, while departing staff receive at least six months of salary, healthcare support, and career assistance alongside the company's shift toward smaller teams and consolidated operations in Sydney.

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  • ✓ Canva is restructuring operations to affect 1,271 employees, or 22% of its global workforce.
  • ✓ Co-founder and Chief Executive Officer Melanie Perkins announced the restructuring in a message to employees.
  • ✓ Departing employees are offered at least six months' salary, healthcare support, and career assistance.
  • ✓ The Australian design platform is consolidating more teams in Sydney as part of the product organization restructure.
🛡️ Source Corroboration: 22 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Canva announced a major restructuring plan affecting 1,271 positions after growth slowed for the first time in a decade.

Live updates

  1. Canva Cuts 22% of Workforce Amid Slowing Growth and AI Costs

    Australian graphic design platform Canva is restructuring operations to eliminate or restructure 1,271 positions, affecting 22% of its global workforce. Co-founder and Chief Executive Officer Melanie Perkins announced the organizational overhaul in a message to employees, citing the company's hardest year yet and the first time growth has slowed in a decade. The cuts involve layoffs, role changes, and relocation requests, while departing staff receive at least six months of salary, healthcare support, and career assistance alongside the company's shift toward smaller teams and consolidated operations in Sydney.

    Why it matters

    The restructuring highlights mounting financial pressures in the creative technology sector as companies grapple with higher-than-expected artificial intelligence costs and shifting market demands. Canva has long maintained a rapid expansion pace before encountering these recent headwinds, forcing the Australian software giant to reassess its operational structure and team sizes. Affected employees face job losses, role shifts, or relocation requirements under the new company strategy.

    What is confirmed

    • Canva is restructuring operations to affect 1,271 employees, or 22% of its global workforce.
    • Co-founder and Chief Executive Officer Melanie Perkins announced the restructuring in a message to employees.
    • Departing employees are offered at least six months' salary, healthcare support, and career assistance.
    • The Australian design platform is consolidating more teams in Sydney as part of the product organization restructure.

    What to watch next

    • Further details on office relocations and team consolidations in Sydney
    • Employee reaction and retention metrics following the workforce reduction
    Sources used for this update (23)
    1. www.investing.com — Investing.com - Stock Market Quotes & Financial News
    2. www.foxbusiness.com — Great Business Leaders in America & Around the World | Fox Business
    3. tech.yahoo.com — 5 Classic SNES Games That Are Unplayable Today - Yahoo Tech
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    5. cashwalklabs.io — GM will switch to Nasdaq from the NYSE on Nov. 17
    6. www.easterneye.biz — John Healey Set for Cautious Budget as Bond Markets Loom
    7. BBC — Canva announces major job cuts after 'our hardest year yet'
    8. Business Insider — Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
    9. Reuters — Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
    10. TechCrunch — Canva lays off over 1,200 people amid slowing growth
    11. Fox Business — Canva to restructure operations, affecting 22% of workforce as growth slows
    12. Fast Company — Canva just laid off 1,200 people. But its severance package is earning praise
    confidence 100%
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