Overview
- Canva disclosed on Wednesday that 1,271 people, about 22% of its workforce, will be affected through layoffs, role changes, or relocation as part of a major reorganisation.
- The company will merge Product, Growth and Platform into a single Product organisation, cut management layers and move more product teams to Sydney with hybrid staff expected in office two to three days a week from January.
- Canva has promised departing and impacted staff at least six months' pay, 12 months of healthcare where offered, career coaching, device retention and a Canva Collective Fund offering US$10,000 grants with no equity taken.
- The company has not disclosed how many of the 1,271 will be outright laid off versus redeployed or asked to relocate and has scheduled a company‑wide all‑hands on Nov. 10 to provide further detail.
- The overhaul follows this year's first growth slowdown in a decade and rising costs to build and run new AI features, pressures that have prompted valuation markdowns and a pause on near‑term public listing plans.