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Canva to cut or relocate 22% of its workforce in major restructure

By ChordNews · First written (new coverage )

Live: Canva to slash jobs in massive restructure affecting 1,200 staff
Image: abc.net.au
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Summary

Canva is cutting or relocating more than 1,200 jobs, or 22% of its global workforce, in a major restructure announced by co-founder and CEO Melanie Perkins. The Verge reports the changes affect 1,271 people. Some staff will see changes to their roles or be asked to relocate to centralised hubs, while others will lose their jobs. The cuts include layoffs of staff who helped build the Australian-founded design platform. Perkins told staff in an email that the job cuts were "without doubt the hardest moment in our thirteen-year history". The Guardian reports the changes mirror a trend across the technology sector, where software companies are competing against cheaper artificial intelligence disrupters while embedding AI tools themselves. The Register notes the company makes no mention of AI but nods to the pace of technological change.

This continues an earlier story: Wall Street sinks on AI investment fears as ASX awaits RBA meeting

Timeline

  1. ABC

    Source ↗

    ABC's live business blog reports that Canva is slashing jobs in a massive restructure affecting 1,200 staff, an overhaul of 22 per cent of its workforce.

  2. The Verge

    Source ↗

    The Verge reports that Canva's changes affect 1,271 people, or 22 percent of its staff, as announced by co-founder and CEO Melanie Perkins.

  3. The Register

    Source ↗

    The Register reports that Canva is announcing layoffs in a re-org affecting 22% of its staff, and notes the company makes no mention of AI but nods to the pace of technological change.

  4. The Guardian

    Source ↗

    The Guardian reports that Canva is cutting or relocating more than 1,200 jobs, 22% of its global workforce, including layoffs of staff who helped build the Australian-founded platform.

  5. TechRadar

    Source ↗

    TechRadar reports that 22% of Canva's workforce will be affected by layoffs, relocations or changed roles, as CEO Mel Perkins confirms.

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