Canva told 1,271 staff, 22%, they face layoffs, new roles or moves. Its growth slowed for the first time in a decade.
Canva CEO Melanie Perkins announced the restructuring in a memo to staff, The Register reported on 4 November.
The memo did not say how many people will lose their jobs.
Perkins wrote that "small changes won't be enough" and that the company had become inefficient. Product, growth and platform teams will merge into one "Product Org", and more product teams will move to the Sydney headquarters.
The memo does not mention AI or cite financial pressure. It says new technology is changing what people create and what they expect from the products they use.
Canva is privately held. Last year it reported 260 million monthly users and $3.5 billion in revenue, and executives have said it is profitable on a free-cash-flow basis.
Departing staff keep their MacBooks and get at least six months' pay and a year of health insurance. The memo names the new structure. It does not say how many approval layers it removes.
Sources
Our file on Canva
All 3 Canva storiesFor your next steering committee
- 1Ask your integrator to name the people on your programme and to confirm which of them are staying.
- 2Ask what the contract says about replacing key people, and who approves a replacement.
- 3Ask where knowledge of your configuration is written down, outside the heads of the people who built it.
Issue 01 of the ERP LEADERS brief puts a timeline, the three-number review and six questions on one page. Read issue 01
Welcome back. · Issue 01
