Business & Finance

Canva Cuts 1,271 Jobs as Sydney Becomes Primary Product Hub

Canva says it is cutting 1,271 employees while consolidating product teams around Sydney. Affected staff get at least six months' pay, healthcare, and US$10,000 grants. Drivers reportedly include slowing growth and AI-related competitive pressure, though no financial figures were disclosed.

Canva announced a global restructure on 4 November 2026 cutting 1,271 employees, roughly 22% of its workforce, with departing staff receiving at least six months' salary plus support including career assistance and US$10,000 grants etnownews. The Australian-founded company will also reorganize Product, Growth, and Platform teams under one organization, and CEO Melanie Perkins described the move as a return to smaller, empowered teams. Senior Product Manager Artemi Ollin, according to Etnow News, compared the cuts to Google layoffs and said her view was formed about six months after joining.

Mechanics and drivers

Reported sources identify slowing growth, changing technology, and AI-related competitive pressure as drivers https://mashable.com/tech/canva-mass-layoffs-ai-restructuring. The reorganization merges Product, Growth, and Platform teams, and positions Sydney as the primary base for product teams, with a planned hybrid schedule of two to three office days per week from January 2027. No revenue, cash-flow, or liquidity figures are disclosed in the supplied material.

Impact and what remains unresolved

The documented immediate impact is on the 1,271 affected employees. Departure packages include at least six months' salary, healthcare coverage, and US$10,000 grants. No report in the supplied set specifies customer, supplier, or creditor impact.

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