Business · 2026-11-04 · Morning briefing

Canva to restructure, affecting 1,200 jobs as growth slows

Canva, the Australian design software company, announced a restructuring that will affect 22% of its workforce, or more than 1,200 employees, through job cuts, relocations and role changes. The move follows what co-founder Melanie Perkins described as the company's "hardest moment" in its 13-year history, with growth slowing for the first time in a decade. The firm's valuation has also reportedly fallen from A$60bn ($41.8bn) to about A$49bn.

Ms Perkins cited the rising costs of integrating artificial intelligence into Canva's products as a key financial pressure. As part of the overhaul, the company will centralise more of its product teams in Sydney and require hybrid employees to be in the office two to three days a week starting next year. The CEO said the changes were needed to "refound Canva" and return to its "roots of small, empowered teams".

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• Canva swings axe, 1200 jobs affected
• Canva Restructuring Affects 1,271 People as Growth Slows
• Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
• Canva cuts jobs in major restructure affecting 1,200 staff
• Design giant Canva announces restructure affecting 22pc of global workforce

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