Canva Layoffs Hit 1,271 Employees, But The Severance Package Has Everyone Talking
What the coverage says
Canva is reducing its workforce by 1,271 employees, amounting to 22% of its total staff, following a growth slowdown that prompted a corporate restructuring. The Hindu reported that the company is combining its product, growth, and platform teams into a single organization, while Times of India noted that the downsizing is intended to foster smaller and more agile teams. NDTV added that co-founder and CEO Melanie Perkins communicated the cuts through an internal memo and that the firm has previously invested heavily in artificial intelligence features. NDTV also reported that departing personnel will receive severance packages including a MacBook and LinkedIn Premium.
Written by HeadlineShine from 3 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- The Hindu first reported it
- Times of India reported it
- NDTV reported it
- NDTV Profit reported it
- Latest update
