Canva Announces Major Job Cuts, Relocations Amidst Valuation Drop
Design giant Canva is set to cut or relocate over 1,200 jobs as part of a significant restructuring, following a reduction in the company's valuation.
Canva, the renowned design platform, has announced sweeping changes to its workforce, with approximately 1,271 employees set to be affected by job cuts or role changes, representing a substantial 22% of its total staff 123. This move comes as the company faces a revaluation, with two of its key investors, Blackbird Ventures and Airtree, reducing Canva's worth from roughly $41.8 billion to around $31.1 billion 1.
The decision to downsize is attributed to increased expenses linked to advancements in AI technology, which have impacted Canva's internal valuation 1. This marks what is reportedly the most challenging period for the company since its inception 13 years ago 2.
As part of the restructuring, Sydney will see a greater concentration of Canva’s product teams, solidifying its position as a central hub within the company 13. Additionally, hybrid workers will be required to spend 2 to 3 days per week in the office starting next year, a change aimed at enhancing collaboration and productivity 13.
Departing employees will receive generous severance packages, including at least six months of salary and extended healthcare benefits for an additional year in relevant regions 23. These measures reflect Canva’s commitment to supporting its workforce during this transitional phase.
What we know
- Canva announced job cuts affecting 22% of its workforce 123
- Approximately 1,271 employees will be affected by job cuts or role changes 123
- Sydney will become the primary location for more of Canva’s product teams 13
- Hybrid workers will need to spend 2 to 3 days per week in the office starting next year 13
- Departing employees will receive at least six months of salary and health care benefits for an additional year in applicable regions 23
- Two of Canva's investors reduced the company's valuation from approximately $41.8 billion to around $31.1 billion 1
- Canva's internal valuation was lowered due to increased expenses related to AI technology 1
- The job cuts represent the most challenging period for Canva since its founding 13 years ago 2
Trust Score report
Likely accurate — probability of truth 84%, weighted across 8 claims from 3 independent outlets.
- confirmed Canva announced job cuts affecting 22% of its workforce. (94%)
- confirmed Approximately 1,271 employees will be affected by the job cuts or role changes. (94%)
- confirmed Sydney will become the primary location for more of Canva’s product teams. (87%)
- confirmed Hybrid workers will need to spend 2 to 3 days per week in the office starting next year. (87%)
- confirmed Departing employees will receive at least six months of salary and health care benefits for an additional year in applicable regions. (86%)
- likely Two of Canva's investors, Blackbird Ventures and Airtree, reduced the company's valuation from approximately $41.8 billion to around $31.1 billion. (73%)
- likely Canva's internal valuation was lowered due to increased expenses related to AI technology. (73%)
- likely The job cuts represent the most challenging period for Canva since its founding 13 years ago. (72%)
Sources
- BBC Business — Canva announces major job cuts after 'our hardest year yet'
https://www.bbc.co.uk/news/articles/cw77pg7neydmo?at_medium=RSS&at_campaign=rss - The Guardian AI — Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure
https://www.theguardian.com/australia-news/2026/nov/04/canva-layoffs-job-cuts-restructure - The Verge — Canva is announcing changes and layoffs affecting 22 percent of its staff
https://www.theverge.com/tech/1025971/canva-changes-layoffs