Canva says restructuring will affect 1,271 people

Business · First reported 4 Nov, 00:09 · Updated 05:07

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

Canva says 1,271 people—about 22% of its workforce—will be affected by job cuts, role changes or relocation requests. The company attributes the changes to slower growth and plans to reorganise teams, make Sydney the main base for more product teams, and increase office attendance for most hybrid employees.

Canva says 1,271 people, about 22% of its workforce, will be affected by layoffs, role changes or relocation requests.
CEO Melanie Perkins said Canva’s growth had slowed for the first time in a decade. The company plans to combine its Product, Growth and Platform divisions and simplify roles and management layers.
Canva says Sydney will become the primary base for more product teams, and most hybrid employees will be expected to work in an office two to three days a week from January.

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Key facts

People affected: 1,271, or about 22% of Canva’s workforce.
CEO: Melanie Perkins.
Stated growth trend: Growth slowed for the first time in a decade.
Team changes: Product, Growth and Platform divisions will be combined into one Product Organisation.
Office policy: Most hybrid employees are expected to work in an office two to three days a week from January.
Grant support: Eligible departing employees can apply for US$10,000 grants through the Canva Collective Fund.