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Canva Cuts or Relocates More Than 1,000 Jobs in Major Restructuring
Canva is cutting or relocating more than 1,000 jobs in a major restructuring.
Key points
- Canva says 1,271 people are affected by the restructure, which focuses on collapsing layers and bringing more teams together in person.
- Departing staff will receive at least six months of salary and keep healthcare for a further 12 months where workers receive that benefit.
- Canva did not mention AI in its restructure announcement, unlike Atlassian, Block and WiseTech, which have also cut jobs.
Why it matters. The restructure adds to a wave of job cuts across the technology sector, as software companies compete with cheaper AI disrupters while adopting AI tools themselves.
Canva is cutting or relocating more than 1,000 jobs, as chief executive Melanie Perkins announced in a staff email on Wednesday. The company says 1,271 people are affected, and the cuts represent 22% of its global workforce. Departing staff will get at least six months of salary and can apply for US$10,000 (A$14,000) grants to start their own ventures.
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Canva Cuts or Relocates More Than 1,000 Jobs in Major Restructuring
Canva, the Australian-founded design software company, plans to cut or relocate more than 1,000 jobs in a major restructuring. Chief Executive Melanie Perkins told staff in an email that the cuts were without doubt the hardest moment in the company's thirteen-year history. According to the BBC, staff affected will either lose their jobs or be asked to change roles. The Guardian reported the figure as more than 1,200 jobs. The company has not been reported to have set out a timetable for the changes in the sources reviewed.