Canva initiates restructuring impacting 22 percent of workforce
Graphic design software firm Canva is laying off 1,271 employees, representing 22 percent of its total staff, as part of a company-wide restructuring effort.
Canva CEO Melanie Perkins announced a major reduction in the company's workforce this week, affecting 1,271 employees. The layoffs represent 22 percent of the company's global staff and come as part of a broader attempt to reorganize operations for the next decade.
In addition to the redundancies, Perkins indicated that the company is shifting its operational model. Some remaining employees will face role changes or requirements to relocate to centralized corporate hubs as the firm looks to streamline its structure.
This workforce reduction follows a period of rapid growth for the Australian-based company. Perkins stated that the decision followed an internal review of alternatives, concluding that standard incremental adjustments were insufficient to meet long-term objectives.
The restructuring marks a significant shift for the software provider, which has prioritized aggressive headcount expansion in recent years. The company now intends to return to a leaner operational model, focusing on core development priorities.