Canva To Cut Or Relocate 22% of Global Workforce

An anonymous reader quotes a report from The Guardian: Canva is cutting or relocating more than 1,200 jobs, representing 22% of its global workforce, as part of a major restructure that includes laying off staff who helped build the Australian-founded design platform. The changes mirror a trend across the technology sector, where software companies are fighting to stay competitive against cheaper artificial intelligence disrupters while aggressively embedding AI tools themselves.

[...] The restructure will affect 1,271 people, according to the company, as it focuses on "collapsing layers" and bringing "more teams together in person." [...] Those leaving Canva will receive at least six months of salary and retain healthcare coverage for a further 12 months in countries where workers receive that benefit. They can also keep their laptops. Those leaving can also apply for US$10,000 (A$14,000) grants to start their own ventures. Canva's chief executive, Melanie Perkins, said the restructure was "without doubt the hardest moment in our thirteen-year history."