Canva restructuring affects 1271 employees, accounting for 22% of total workforce

TechFlow reports that on November 5, according to Canva's official announcement, the company will adjust its organizational structure, the locations of some teams, and required roles and skills, affecting 1271 people, or 22% of total employees. Some employees will have their roles changed or be required to relocate, and the company will also lay off some staff.

Canva co-founder and CEO Melanie Perkins said that company growth has slowed for the first time in a decade, and that the product, growth, and platform teams will be consolidated, with fewer management layers.

Departing employees will receive at least six months of salary and may keep their company-issued MacBook; departing employees interested in starting a business or launching community projects may also apply for a USD 10,000 grant, and Canva will not take ownership or equity in their projects.

Source: TechFlow