Canva Restructures Operations and Cuts 22% of Workforce Amid Growth Slowdown

Key Facts

Canva announced a restructuring plan involving a 22% workforce reduction, affecting 1,271 employees. Fox Business reported that CEO Melanie Perkins informed staff the move responds to the company's first growth slowdown in a decade, necessitating the consolidation of product, growth, and platform teams into a single organization.

The operational overhaul includes reducing management layers and requesting employee relocations, with Sydney becoming the primary hub for product teams. The company stated it will provide severance packages including at least six months of salary and $10,000 grants for departing employees starting new ventures through the Canva Collective Fund.