Overview
- Canva, which announced the changes Wednesday, said 1,271 people — about 22 percent of its global workforce — will be affected by a restructuring that includes layoffs, role changes and requests to relocate.
- The company will merge Product, Growth and Platform into a single Product organisation, simplify management layers, and make Sydney the primary hub for more product teams with most hybrid staff expected in the office two to three days a week from January.
- Impacted workers will receive at least six months' salary, 12 months of healthcare where provided, career support including LinkedIn Premium and coaching, the right to keep their work MacBooks, and access to a new $10,000 grants fund for startups or community projects.
- Canva has not broken out how many of the 1,271 affected people will be laid off outright versus moved into new roles or asked to relocate, leaving final headcount reductions unclear as the company begins implementation.
- The overhaul follows Canva's first slowdown in growth in a decade and valuation cuts this year, pressures that media coverage links to higher AI costs and faster technology change that are reshaping what product teams must build and how firms use capital.