Canva Announces Major Job Cuts

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 3 Nov

   Design giant Canva announces restructure impacting 22pc of global workforce

   3 outlets · ABC News (Australia)
2. 4 Nov

   "New technology is transforming what people can create, how they create it, and what they expect from the products they use," Perkins said in her note on Wednesday.

   2 outlets · BBC

Coverage 8 articles

• 4 Nov CEO is celebrated for laying off 22% of staff after offering incredibly generous severance including at least six months' pay and a year's healthcareMelanie Perkins, CEO and co-founder of Canva, a major Australian software company, announced on Tuesday the layoff of 1,271 employees, representing 22% of the workforce, due to technological changes. To soften the blow, Perkins offered generous severance terms including at least six months' pay, a year's healthcare coverage, and a grant program for former employees starting new ventures. The layoffs have garnered…Daily Mail
• 4 Nov Canva announces major job cuts after ‘our hardest year yet’Canva has announced significant job cuts affecting about 22 percent of its workforce, impacting over 1,200 employees. Co-founder Melanie Perkins cited slowing growth and challenges in adapting to AI advancements as reasons for these changes. The company will offer severance packages including six months' pay, healthcare support, career coaching, and financial grants to help with job transitions or new ventures.The Independent
• 4 Nov ‘Sad and devastated’: Canva’s cuts hit its staff, and Australian tech overallCanva announced a restructuring on Wednesday that will affect 1,271 employees, representing about one-fourth of its workforce. CEO Melanie Perkins cited slowing growth and the impact of artificial intelligence as reasons for the cuts. Staff were surprised by the news, with some describing it as unexpected given Canva’s previous profitability and cash reserves exceeding $US1.5 billion. The announcement comes amid a…Sydney Morning Herald
• 4 Nov Canva announces major job cuts after 'our hardest year yet'Canva, an Australian startup known for its graphic design platform, has announced significant job cuts affecting 22% of its workforce, amounting to 1,271 employees losing their jobs, relocating, or changing roles due to financial challenges and the integration of artificial intelligence technology. The company's co-founder and CEO Melanie Perkins stated that this decision was necessary because of a sharp decline in…BBC
• 4 Nov Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructureCanva, an Australian design platform, is restructuring by cutting or relocating more than 1,200 jobs, about 22% of its workforce. CEO Melanie Perkins informed staff that the changes aim to centralize teams and reduce layers within the company, offering support for those affected, including six months of salary and healthcare coverage in applicable countries. The move reflects broader industry trends as tech…The Guardian
• 3 Nov Canva restructure to impact a fifth of its workforce ahead of ChristmasCanva, a major design company, is undergoing restructuring that will affect 22% of its global workforce, totaling 1,270 jobs. The changes are attributed to slower growth and evolving technology in the industry. As part of the plan, Sydney will become the primary hub for operations, with some employees potentially needing to relocate. Canva is offering outgoing employees a severance package including at least six…ABC News (AU)
• 3 Nov Aussie software giant Canva cuts hundreds of jobs as AI continues to reshape the workforceCanva, a major design software company, is cutting over a thousand jobs as part of efforts to return to its startup origins and adapt to changes brought by artificial intelligence. In a letter to employees, CEO Melanie Perkins announced that 1,271 positions will be affected, with some staff losing their roles entirely while others are asked to relocate to central hubs. The company plans to merge teams into a single…Daily Mail
• 3 Nov Canva unveils mass job cuts in ‘hardest moment’ of its historyCanva has announced significant job cuts affecting 1271 employees, or 22% of its workforce, due to slowing growth and increasing investor concerns about the impact of AI on software businesses. Co-founder Melanie Perkins informed staff that this restructuring is necessary to return to a model of small, empowered teams with reduced management layers and more centralized operations in Sydney. The company will offer…Sydney Morning Herald

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