Canva to cut 1,271 jobs in restructuring

Business · First reported 3 Nov, 22:43 · Updated 02:52

Image: Wikimedia Commons · Francis Matahum · CC BY-SA 4.0

Canva says it will cut 1,271 jobs, about 22% of its workforce, after growth slowed for the first time in a decade. The company plans to reorganize product teams, make Sydney a main base for more of them, and provide departing employees with $10,000 grants.

Canva said it will eliminate 1,271 roles, around 22% of its workforce, after growth slowed for the first time in a decade.
The company plans to combine its Product, Growth and Platform teams, and make Sydney the main base for more product teams.
From January, most hybrid employees are expected to work from the office two to three days weekly; departing employees will receive $10,000 grants.

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Key facts

Jobs affected: 1,271, about 22% of Canva’s workforce.
Stated context: Growth slowed for the first time in a decade.
Office schedule: Most hybrid employees expected in the office two to three days a week from January.
Grant for departing employees: $10,000 per employee.