Canva CEO says a major reorganization will affect 22% of its workforce. Read the memo.
Canva is undergoing a major reorganization that will affect 22% of its workforce, or approximately 1,271 employees, due to slowing growth and increased competition. CEO Melanie Perkins announced the changes, which include role shifts and layoffs, as the company adjusts its long-term strategy.
Why it matters
This reflects broader trends in the tech sector where high-growth companies are recalibrating operations in response to market saturation and AI-driven competition.
Canva is laying off or changing responsibilities for nearly 1,300 employees. Alisha Jucevic/Bloomberg via Getty Images Canva says 1,271 employees — 22% of its workforce — will be affected by a major reorganization. In a 1,600-word memo, Canva's CEO wrote that it's simplifying ranks and moving more roles to Sydney. Employees who lose their jobs will get at least six months' pay. The company hasn't said how many will be cut. Canva has announced a major restructuring. On Tuesday, the design software company's CEO, Melanie Perkins , published a memo sent to employees titled "An important update on our team." In it, she said that 1,271 employees, roughly 22% of the workforce, will be affected by a reorganization. Some employees will see their roles change or relocate, she said, while others will lose their jobs. It comes after Canva lowered its growth expectations.
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