Canva Restructures Operations, Cutting Over 1,200 Jobs Globally

Australian design platform Canva is undergoing a significant restructuring, resulting in the layoff of 1,271 employees, representing 22% of its global workforce. CEO Melanie Perkins cited the need to simplify operations amidst slower growth as the reason for this difficult decision. This marks a major shift for the company and impacts a substantial number of its staff.