Canva cuts 22% of staff, 1,271 jobs, amid slowing growth

The short version

• Canva is cutting 1,271 staff, or 22% of its workforce, amid slowing growth.[TechCrunch]
• CEO Melanie Perkins wrote that growth has slowed for the first time in a decade, and the company lowered its revenue growth forecast to 20% from 30%.[TechCrunch]
• The restructuring merges product, growth and platform teams and reduces subspecialisation, so staff may take on broader responsibilities.[TechCrunch]
• Departing staff will receive at least six months of salary and, where applicable, 12 months of healthcare coverage.[Slashdot]

Key facts

• Canva is cutting 22% of its staff, amounting to 1,271 people, amid a growth slowdown.[TechCrunch]
• Co-founder and CEO Melanie Perkins wrote in a note to employees that growth has slowed for the first time in a decade.[TechCrunch]
• Canva is merging its product, growth and platform teams and reducing subspecialisation.[TechCrunch]
• Canva reduced its revenue growth forecast to 20% from 30% to address ballooning AI costs.[TechCrunch]
• Canva's early investors cut its valuation to about $35 billion earlier this year.[TechCrunch]
• Departing staff will receive at least six months of salary and retain healthcare coverage for a further 12 months in countries where workers receive that benefit.[Slashdot]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Canva lays off over 1,200 people amid slowing growthTechCrunch
• Canva To Cut Or Relocate 22% of Global WorkforceSlashdot
• Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructureThe Guardian - World