Australian design platform Canva has announced that about 22 per cent of its workforce faces job cuts, relocations, or role changes.
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cent → announce → cuts
Co-founder and chief executive Melanie Perkins described the move as the company’s “hardest moment” in its 13-year history, citing slowing growth and the challenges of adapting to rapid advances in artificial intelligence.
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Perkins → describe → intelligence
The restructuring will impact more than 1,200 Canva employees.
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restructuring → impact → employees
“For some people, this will mean changes to their roles or being asked to relocate to centralised hubs.
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this → mean → hubs
Sadly, it will also mean saying goodbye to teammates and friends who have helped build Canva into what it is today,” Ms Perkins wrote to the staff.
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Perkins → mean → staff
Canva’s growth has reportedly slowed for the first time in a decade, while rising costs associated with integrating AI into its products have added to financial pressures.
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costs → slow → pressures
Its reported valuation has also fallen from A$60bn ($41.8bn; £31.1bn) to about A$49bn.
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valuation → report → 49bn
Ms Perkins said in a note to the teams across 37 countries: “Behind every decision is someone we care deeply about, and I know the consequences will be very real for those directly affected, their families, friends and teammates.
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consequences → say → those
“I’m deeply sorry for the pain and disruption this will cause for everyone affected.
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this → ’m → everyone
While nothing can make this news easier, we will do everything we possibly can to support everyone affected.”
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we → make → everyone
As part of the restructuring, Sydney will become the main base for more of its product teams.
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Sydney → become → teams
Employees working under hybrid arrangements will also be expected to spend two to three days a week in the office from next year.
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Employees → work → year
“New technology is transforming what people can create, how they create it, and what they expect from the products they use,” Ms Perkins said in her note on Wednesday.
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Perkins → transform → Wednesday
“This has been our hardest year yet, and as we shared earlier this year, our growth has slowed for the first time in a decade.”
She added: “To set ourselves up for the next decade, we need to refound Canva, getting back to our roots of small, empowered teams with the freedom to make decisions, take ownership and focus on what matters most for our community.
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what → share → community
Founded in 2013, Canva provides easy-to-use design tools and templates for creating presentations, graphics and other visual content.
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Canva → found → presentations
In the note, Ms Perkins said that all affected employees – all 1,271 of them – will receive at least six months’ pay, 12 months of healthcare and mental health support, career coaching and job-search assistance.
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employees → say → healthcare
They will also be allowed to keep their company laptops and access an alumni network to help find new roles.
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They → allow → roles
The company is also offering$10,000 grants to the affected employees interested in starting businesses or community projects, without taking equity in their ventures, the note said.
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note → affect → ventures
On X, users mocked the move.
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users → mock → move
1,271 people impacted.
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people → impact → ?
The company needs to get back to acting like a small tech startup.
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company → need → startup
Oh, that’s rich.
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that → ’ → ?
Apparently, after 13 years of building a company, the secret to becoming a startup again is getting rid of the people who built it,” one user wrote.
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user → build → it
The Aporia
