Canva to Cut 1,270 Jobs Amid Global Restructuring
· Business · ABC News (AU), BBC News
Design platform Canva is laying off 1,270 employees, representing 22 per cent of its global workforce, as it navigates a period of slowing growth. CEO Melanie Perkins stated that the company needs to re-found its operations and focus on smaller, empowered teams. Sydney will become the primary hub for product teams, with some staff expected to relocate. The company is offering affected employees at least six months of salary and grants for those pursuing new business ventures. The restructure follows 13 years of expansion for the company, which originated in Perth.
Why it matters
The layoffs signal a significant shift in strategy for one of Australia's most prominent tech companies, impacting over a thousand employees globally.
Read the original report — ABC News (AU)
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