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Australian design platform Canva has announced a major restructuring that will affect 1,271 employees, which is 22 per cent of its workforce, through job cuts, relocations and changes to roles. Co-founder and CEO Melanie Perkins described the decision as “without doubt the hardest moment in our 13-year history”. The announcement comes amid reports of a decline in the company’s valuation over the past year, driven by concerns about the impact of artificial intelligence on its business and the rising costs of integrating the technology into its platforms.


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Australian design platform Canva has announced a major restructuring that will affect 1,271 employees, which is 22 per cent of its workforce, through job cuts, relocations and changes to roles.

Co-founder and CEO Melanie Perkins described the decision as “without doubt the hardest moment in our 13-year history”. The announcement comes amid reports of a decline in the company’s valuation over the past year, driven by concerns about the impact of artificial intelligence on its business and the rising costs of integrating the technology into its platforms.