Canva announces major job cuts after ‘hardest year yet’; CEO sends layoff email
Canva is laying off 1,271 employees, representing 22% of its global workforce, as the company faces its toughest year of growth. CEO Melanie Perkins described the restructuring as a necessary step to return to the company's roots and ensure long-term success.
Why it matters
The layoffs at a major design software firm reflect broader economic challenges and a cooling period in the tech sector's rapid expansion.
Canva, the Australian design software company has announced a major job cuts at the company. This restructuring effort of the company will affect 1,271 employees, or about 22% of its global workforce, with co-founder and CEO Melanie Perkins describing the move as "the hardest moment" in the company's 13-year history. The graphic design platform revealed the changes in a lengthy message to employees that was later published on the company's newsroom website. The announcement comes as Canva grapples with slowing growth and seeks to reshape its organisation for what it calls its next chapter. Perkins apologised to those affected for the pain and disruption.CEO calls it Canva's toughest yearIn the note, Perkins said the company had reached a difficult conclusion after months of reviewing its future direction. She acknowledged that the restructuring would result in layoffs, role changes, and relocation requests for some employees.
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