Canva cuts 1,271 jobs after first slowdown in a decade
“Even the fastest-growing companies reach a day when they must cut people; no job is certain forever.”
Canva, the design platform with hundreds of millions of users, announced a major restructuring affecting 1,271 employees — about 22% of the company. Co-founder and CEO Melanie Perkins told staff in an internal memo on 4 Nov that it was "without doubt the hardest moment in our thirteen-year history."
The main reason is the first slowdown in growth in 10 years. The company is merging Product, Growth and Platform into a single org, reducing management layers, and making Sydney the primary hub for its product teams.
Agong recalls the old print shop: when too many hands gathered around the same machines, output slowed. Sometimes shrinking back to be small and nimble is a step back for a longer stride — but the weight always falls on people.
Those leaving get at least 6 months of pay, 12 months of extended health cover, interview coaching and one year of LinkedIn Premium. Those wanting to start something of their own can apply to a fund offering US$10,000 grants.
Agong read this from a single outlet (Techsauce); the figures are not yet confirmed elsewhere. But it tells the grandchildren plainly: even the fastest-growing companies reach a day when they must trim people to move on.
Agong read 1 source — here is what each says
How Agong Sees It
“Even the fastest-growing companies reach a day when they must cut people; no job is certain forever.”
Why Agong Picked This: A lesson about work and adaptation close to today's grandchildren — that even giants have days when they must reduce headcount.