In brief
Canva will cut 1,271 jobs, about 22% of its staff, merging product, growth and platform teams into a single product organization headquartered in Sydney. CEO Melanie Perkins notes role changes and relocations for some staff. The move follows a downgrade in revenue forecasts and is seen by media as a pre‑step for AI‑related products.
Canva, the Australian‑based digital design firm, said on Wednesday that it would cut 1,271 jobs, roughly 22 percent of its workforce, as part of a new restructuring plan announced in a company memo.
The restructure will merge the company’s product, growth and platform teams into one product organisation, with most product teams moving to Sydney, the company’s largest studio. Melanie Perkins, Canva’s CEO and co‑founder, told staff that for some people the changes would mean new roles or relocation to centralised hubs.
Perkins said in the note, "For some people, this will mean changes to their roles or being asked to relocate to centralized hubs," and added that affected teammates would need to say goodbye to friends who helped build Canva’s success.
Canva’s announcement comes after the company cut its 2026 revenue forecast from 30 percent growth to 20 percent in August, and lowered its internal valuation to 43.9 billion Australian dollars – about 30.6 billion U.S. dollars.
While Perkins did not mention artificial intelligence in the memo, Australian Broadcasting Corporation reports that the restructure is intended to position Canva for future AI‑related products.
