Canva announces major job cuts after 'our hardest year yet'
Summary
Canva said 1,271 employees—22% of its workforce—will lose their jobs, relocate or change roles in a restructuring. CEO Melanie Perkins cited slower growth and described the past year as the company’s hardest; Canva also plans to make Sydney the primary base for more product teams and require hybrid workers to spend two to three days a week in the office from next year.Key Facts
- The restructuring will affect 1,271 people, or 22% of Canva’s workforce.
- Some employees will lose their jobs, while others will be asked to relocate or change roles.
- Canva has staff in 37 countries.
- Sydney will become the primary home for more of Canva’s product teams.
- From next year, hybrid workers will be expected to work in the office two to three days a week.
- Perkins said Canva’s growth slowed for the first time in a decade.
- Blackbird Ventures and Airtree reportedly lowered Canva’s valuation from A$60 billion to about A$49 billion.
- Canva was founded in 2013 and makes design tools and templates for users without technical or design backgrounds.
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