Canva to cut 22 percent of workforce in major restructuring
The layoffs affect more than a fifth of Canva's global staff, and the company is also reorganising teams and asking more staff to work in person.
Key facts
Story- Canva is cutting 22 percent of its global workforce, affecting more than a fifth of staff.
- The company says the changes respond to changing technology and slower growth.
- Canva is merging several teams into one product organisation and boosting in-person work.
Canva is restructuring its business, and the changes will hit 22 percent of its global workforce. The company says the overhaul is a response to shifting technology and slower growth.
Under the plan, Canva will lay off staff, ask some employees to relocate, and change other roles. Canva has not confirmed the number of job cuts.
Canva is also bringing several teams together under a single product organisation. The company plans to increase in-person collaboration as part of the same shift.
The changes come as Canva faces what it is describing as a hard year. The restructuring is linked to slower expansion across the business.
The restructuring affects a company that is well known for its design tools, which many people use for presentations, social media posts and school projects. Which products or regions will be most affected has not been stated.
It has not been said when the layoffs will be completed or how severance will work. It is not yet known which teams will move to the new product organisation first. Canva has not yet said how many of the affected roles will be based in India.
Worth your time?
One tap helps idly bring you more of what matters.
Advertisement
