AI summary
Canva is cutting 22% of its workforce to restructure, reflecting a broader tech industry trend of cost-cutting and efficiency drives.
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Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure
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Chief executiveMelanie Perkins describes job cuts as ‘without doubt the hardest moment in our thirteen-year history’ in email to staffGet our breaking news email, free app or daily news podcastCanva is cutting or relocating more than 1,200 jobs, representing 22% of its global workforce, as part of a major restructure that includes laying off staff who helped build the Australian-founded design platform.The changes mirror a trend across the technology sector, where software companies are fighting to stay competitive against cheaper artificial intelligence disrupters while aggressively embedding AI tools themselves. Continue reading...
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