Canva cuts 1,271 roles in operational restructure
Key points
- Canva restructures operations, impacting 1,271 roles.
- The software design firm faces slowed growth amid competitive pressures.
- Leadership plans to consolidate teams and increase office presence.
Canva announced a major operational restructure impacting 1,271 employees, representing 22% of its total workforce.
The software firm reported slowed growth over the past year following a decade of steady expansion.
"This is without doubt the hardest moment in our thirteen-year history," said Canva CEO Melanie Perkins.
The company stated that impacted staff will receive at least six months of salary and one year of continued healthcare coverage.
The Perth-founded company plans to merge select corporate functions and establish Sydney as the primary home for more product teams.
Canva previously operated with a flexible remote-work model before implementing a requirement for hybrid staff to work in offices two to three days per week starting in January.
