Canva Lays Off 1,271 Employees (22% of Staff) Amid Growth Slowdown and AI Cost Pressures
Canva, the design software company, is cutting 1,271 jobs, or 22% of its workforce, as growth slows for the first time in a decade. CEO and co-founder Melanie Perkins told employees the company must restructure despite past scaling success. Canva is merging its product, growth and platform teams, reducing subspecialisation, and shifting to hybrid office work. The layoffs follow a cut in revenue growth forecast from 30% to 20%, driven by rising AI infrastructure costs, and a reduced valuation of about $35 billion from early investors. The company faces mounting competition from AI startups and general-purpose chatbots like ChatGPT and Gemini, which now offer image generation capabilities that compete with Canva's core design tools.
Linha do tempo
-
Canva Lays Off 1,271 Employees (22% of Staff) Amid Growth Slowdown and AI Cost Pressures
ler a análise desta fonte ocultar
Canva, the design software company, is cutting 1,271 jobs, or 22% of its workforce, as growth slows for the first time in a decade. CEO and co-founder Melanie Perkins told employees the company must restructure despite past scaling success. Canva is merging its product, growth and platform teams, reducing subspecialisation, and shifting to hybrid office work. The layoffs follow a cut in revenue growth forecast from 30% to 20%, driven by rising AI infrastructure costs, and a reduced valuation of about $35 billion from early investors. The company faces mounting competition from AI startups and general-purpose chatbots like ChatGPT and Gemini, which now offer image generation capabilities that compete with Canva's core design tools.