Canva layoffs and restructuring will affect 1,271 people which is about 22% of its global workforce.
Australian design software company Canva recently announced that it is cutting 1,271 jobs, roughly 22% of its global workforce, as it grapples with slowing growth and prepares for a major internal overhaul. The cuts will touch teams across all 37 countries where Canva operates. Regardless of where they live, employees leaving the company will receive at least six months of salary (including statutory entitlements) and up to 12 months of healthcare coverage, where applicable.
Canva is also launching the “Canva Collective Fund,” which will offer$10,000 grants to eligible departing employees who want to start their own businesses or community projects. Co-founder and CEO Melanie Perkins broke the news in a lengthy message to staff, which was later published on the company’s newsroom website. Perkins apologised to affected employees for the pain and disruption caused by the restructuring. others will be leaving the company While many employees will be asked to move into new roles or relocate to centralised office hubs. To those leaving, the company has offered a support package that may be different from others. To soften the blow for departing staff, Canva outlined an extensive severance and support package. Along with this, the company is offering departing workers to keep their Canva-issued MacBooks. Moreover, they will receive LinkedIn Premium subscriptions, alongside access to an alumni talent network, and access to career coaching and interview preparation for career help. We’re also dedicating a significant portion of our Talent Acquisition team to helping people review their resumes and practice for interviews to find their next opportunity.
Supporting those who are leaving We know everyone’s circumstances are different, and while nothing can make today’s news easy, we’ve tried to reflect those different needs in the financial, career and wellbeing support we’re providing to everyone affected: • Everyone will receive at least six months of salary, inclusive of statutory entitlements, regardless of location. • Removing the one-year vesting cliff for those who joined in the past year. • Twelve months of continued healthcare coverage in countries where we currently provide this. • Twelve months of Canva Care (our EAP), with this coverage also extending to family members. • Dedicated career support, including one-on-one coaching, interview preparation, and one year of LinkedIn Premium.
We’re also launching the Canva Collective Fund, providing US$10,000 grants to departing Canvanauts who want to start something of their own. Everyone leaving as part of these changes will have until the 14 of December to register their interest, and we won’t take any ownership or equity in what they create. • An opt-in alumni talent directory that we’ll proactively share with our investors, partners, and wider industry network to help connect departing Canvanauts with new roles. • Everyone leaving will be able to keep their Canva MacBook as we know not everyone has a personal laptop. Whether it’s starting a business or doing something meaningful for their local community, the fund is designed to help get those ideas off the ground. You use AI every day. Now get your AI Quotient. Take the AIQ test.