Graphic design start-up Canva’s senior leadership and human resources operatives were holed up at its Surry Hills headquarters on Tuesday afternoon to deliberate staff layoffs, after latest internal figures showed the $US31 billion ($44 billion) company is bleeding active users and struggling to grow revenue.
Canva’s annualised revenue, exclusive of tax, was sitting at about US$3.69 billion near the end of October, which is about the same run-rate as at the start of this year, according to confidential internal data obtained by this column.
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