Canva restructuring to affect 1,271 employees

Canva plans to restructure its business, affecting 1,271 employees, or about 22% of its workforce, through job cuts, role changes and relocations, chief executive Melanie Perkins said in a message to staff. The company has not said how many people will lose their jobs. Perkins said the changes follow the first slowdown in Canva’s growth in a decade. She told employees that smaller adjustments would not be enough and that the company needed to reorganise for its next phase. She described the overhaul as the hardest moment in Canva’s 13-year history. The plan brings Canva’s Product, Growth and Platform teams together in a single product organisation. The company also intends to simplify management layers and consolidate overlapping responsibilities. Perkins said the changes are intended to reduce handovers and give teams greater ownership. Sydney will become the primary base for more product teams, and some employees will be asked to relocate. From January, most hybrid employees are expected to work from an office two to three days a week. Canva said the schedule would depend on what makes sense in each area. Canva said departing employees would receive at least six months’...