Canva is undergoing a significant restructure, impacting 1,271 employees as the company aims to "refound" itself for future growth. This decision comes after a period of slowed revenue growth and investor markdowns on the company's valuation. Founder Melanie Perkins described the past year as the company's "hardest yet," necessitating these changes to foster agility. The company is also shifting its work policy, making Sydney a key product center and requiring more in-office days. Departing employees will receive substantial severance packages and support for future ventures.
Sydney, Australia
https://www.forbes.com.au/news/innovation/canva-layoffs-impact-1200-employees/