Design software company Canva has announced significant layoffs, impacting 1,271 employees, which represents 22% of its total workforce. This decision comes as the company experiences a slowdown in its growth rate for the first time in a decade. CEO Melanie Perkins cited the need for change to ensure future success despite past achievements. The company is also reorganizing teams and adjusting its operational strategies. These changes are occurring alongside increased AI development costs and growing competition.
https://techcrunch.com/2026/11/04/canva-lays-off-over-1200-people-amid-slowing-growth/