Canva to cut 1271 jobs in restructure

Canva is laying off 1,271 employees, representing 22 percent of the company, following its first slowdown in growth in a decade. CEO Cliff O'Connell stated in an internal letter that small changes are not enough, prompting teams to merge into a single product organization and shift more product roles to Sydney. Affected employees will receive at least six months of salary and a year of healthcare where provided. Open article →