Canva Cuts 1,271 Jobs as Company Restructures Amid AI Shift
Canva, the Australian design platform used by hundreds of millions of people, is restructuring in a move that will affect about 1,271 employees, roughly 22% of its global workforce. CEO and co-founder Melanie Perkins announced the changes on Wednesday in an internal memo, calling it the “hardest moment in our thirteen-year history.” Canva employs more than 5,700 people across 37 countries, including India.
Why Canva is acting
Perkins said the company’s growth has slowed for the first time in a decade and that, after weighing the alternatives, “small changes won’t be enough.” She wrote that new technology is changing what people create, how they create it and what they expect from products. She did not name AI as the reason for the cuts, though the move comes as AI image and design tools intensify competition.
In August, Canva lowered its 2026 revenue growth forecast from 30% to about 20%. Perkins...
Copyright of this story solely belongs to www.itvoice.in. To see the full text click HERE
