Canva to Restructure 1,271 Roles Amid Growth Slowdown

Canva said it will restructure 1,271 roles, about 22% of its workforce, through job eliminations, role changes and relocations, as the design platform responds to its first growth slowdown in a decade. The company has not said how many employees will lose their jobs. Chief executive Melanie Perkins announced the changes in a note to staff on November 4, describing the decision as the hardest moment in Canva’s 13-year history. She said new technology is changing what people create and expect from products, and that small adjustments would not be enough to prepare the company for its next decade. The plan brings Canva’s Product, Growth and Platform teams together in a single product organisation, broadens some roles and reduces management layers. The company said the changes are intended to make teams more autonomous and simplify coordination. Sydney will become the main base for more product teams, with some employees asked to relocate. Most employees on hybrid arrangements are expected to work from an office two to three days a week from January. Canva’s employee note did not explicitly identify artificial intelligence as the cause of the restructuring. The company has...