Canva Cuts 22% of Workforce in Major Restructure Amid AI Push
Design platform Canva announced it would cut or relocate over 1,200 employees, representing 22% of its global workforce, during a major restructure. CEO Melanie Perkins described it as the hardest moment in the company's history. The move reflects broader tech sector trends of integrating AI tools and adjusting workforce amid industry changes.
Why it matters
The layoffs illustrate pressures on tech companies to adapt amid rapid AI innovation, balancing workforce changes with evolving technological landscapes.
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