Canva announces sweeping job cuts after ‘hardest year yet’

Design software giant Canva has announced a sweeping restructuring affecting more than a fifth of its global workforce, as slowing growth and mounting AI costs put pressure on the Australian tech company. The shake-up will affect 1,271 employees, equivalent to 22 per cent of its workforce, through redundancies, relocations and changes to existing roles. Co-founder and chief executive Melanie Perkins described the decision as without doubt the hardest moment in our thirteen-year history , warning that the company needed to overhaul its operations to remain competitive as AI transforms the creative software industry. It has been our hardest year yet, and as we shared earlier this year, our growth has slowed for the first time in a decade , Perkins told staff on Wednesday. Success in our first chapter doesn’t guarantee success in the next . The company has not disclosed how many employees will lose their jobs or which countries will be most affected. The restructuring fo