Canva announces restructure as 22 per cent of workforce cut

Canva is shaking up its operations with a major restructuring that will cut 22% of its workforce, amounting to 1271 jobs. This significant move comes amid broader industry challenges and signals a shift in how the company plans to navigate the competitive graphic design market. The layoffs are likely aimed at streamlining operations and reducing costs, reflecting the pressures tech companies face as they adapt to changing market dynamics. This shake-up underscores the ongoing volatility in the tech sector, where companies are continually reassessing their structures to stay competitive.