business17 minutes ago
Canva cuts 22% of staff in 'hardest year' amid AI competition and slowed growth
Canva is restructuring its global workforce, affecting 22% of employees (1,271 people) through layoffs, role changes, and relocations. CEO Melanie Perkins cited slowed growth and AI competition as key drivers. The company is centralizing operations in Sydney and offering severance packages, including six months' salary and healthcare, to departing staff.