Canva to cut about 22% of staff as growth slowdown triggers restructuring
Australian design platform Canva announced workforce reductions affecting approximately one-fifth of its staff. The restructuring follows the company's initial period of decelerated growth after ten years of consistent expansion, signaling a strategic shift in operations and priorities.
Key points
- Canva cutting 1,271 jobs (22% of workforce)
- First significant growth slowdown in a decade
- Restructuring triggered by changing business conditions
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