Canva announces major restructuring and 1,271 job cuts
Graphic design giant cuts 22% of staff as growth slows and competition intensifies.
In this photo illustration, the Canva logo is seen on a smartphone and in the background (Pavlo Gonchar/SOPA Images/LightRocket/Getty Images)
Canva is undergoing a significant corporate restructuring that will impact 1,271 employees, accounting for 22% of its global workforce. The changes, which involve a mix of layoffs, role adjustments, and relocations to centralized hubs, were announced by CEO Melanie Perkins in a memo to staff on Nov. 3, 2026.
Perkins described the decision as the most difficult moment in the company's 13-year history. She noted that the organization is facing its hardest year yet, citing the need for structural changes to address evolving market demands and the impact of new technology on user expectations.
The company has experienced its first growth slowdown in a decade, leading to a reduction in its revenue growth forecast from 30% to 20% in August 2026. Additionally, Canva has faced increased competition from AI-powered tools and rising costs related to its own product developments, while its valuation has declined from a peak of US$40 billion to between US$30.4 billion and US$31 billion.
To support those leaving the company, Canva is offering a package that includes at least six months of salary, 12 months of continued healthcare coverage where applicable, and US$10,000 grants to assist with new ventures. A company-wide meeting is scheduled for Nov. 10, 2026, to discuss the transition.
Looking toward 2027, the company plans to implement a new office policy starting in January. Most hybrid employees will be expected to work from the office two to three days per week as part of the broader organizational shift.