Particle.news
Get it on Google Play
Download on the App Store
46 ARTICLES
·
6d ago

Canva Restructures and Will Impact 1,271 Employees

The overhaul responds to Canva’s first growth slowdown in a decade by consolidating product teams in Sydney to trim costs tied to expanding AI functionality.

A general view of the Canva headquarters after the Australian graphic design platform said it would slash 1,271 jobs in Melbourne, Australia,
Employees work at the Canva Inc. headquarters in Sydney, Australia.
Canva has announced a major restructuring that will impact 22% of its workforce.
Image

Overview

  • Canva announced on Nov. 4 that 1,271 people, about 22% of its workforce, will be affected by a major reorganisation that includes layoffs, role changes and relocation requests.
  • The company will merge Product, Growth and Platform into a single Product organisation, simplify management layers, broaden specialist roles and make Sydney the primary hub for more product teams.
  • Canva said every affected employee will receive at least six months’ pay, 12 months of healthcare where provided, one-on-one career coaching, a year of LinkedIn Premium, the right to keep company laptops and access to $10,000 grants through a new fund.
  • The firm has not disclosed how many of the 1,271 staff will be permanently let go versus redeployed or asked to move, and it will hold a company-wide meeting on Nov. 10 to provide further details.
  • The move follows months of slowing growth, investor valuation markdowns and higher costs to roll out AI features, and it mirrors broader technology-sector shifts as firms reallocate resources to AI and cut operating complexity.