Canva job cuts affect over 1,200 employees as it restructures for AI era
Canva CEO Melanie Perkins announced a major restructuring following the company's first slowdown in growth in a decade. The changes include workforce reductions, role reassignments, and relocation requests, with Product, Growth, and Platform teams consolidating into a single organization. Perkins attributed the changes to rapid technological transformation altering how users create and their product expectations, alongside organizational fragmentation accumulated during growth.
Key points
- 1,271 employees affected; restructuring includes redundancies and role changes
- First growth slowdown in 13 years prompted organizational rethink
- Consolidating teams and removing management layers to refocus on core mission
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