Canva Announces Restructuring and 22% Workforce Reduction

Canva co-founder and CEO Melanie Perkins has announced a significant restructuring plan that includes laying off 1,271 employees, representing approximately 22% of the company's total staff. The reorganization aims to 'refound' the company by returning to smaller, empowered teams and consolidating its Product, Growth, and Platform departments into a single product organization. The changes also involve operational shifts, including relocating certain roles to centralized hubs in Sydney and implementing a hybrid work policy requiring most employees to be in the office 2 to 3 days per week starting in January. Affected employees will receive severance packages consisting of at least six months' salary, twelve months of healthcare coverage, and career support resources.

4 articles from 2 sources · updated

Coverage