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Canva announces first ever redundancy round, 22pc of staff affected

The Australian Financial Review (AFR) •
November 03, 2026 • 08:58 PM
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Canva says 22 per cent of staff will lose their job, have changes to their role or have to relocate.

Canva announces first ever redundancy round, 22pc of staff affected

Design software giant Canva has made the first-ever round of job cuts in its 13-year history, a huge swingeing redundancy round it says it required to get back to its roots as a small tech start-up.

It comes as the $US31 billion company, one of Australia’s most valuable tech start-ups, battles to retain relevance in the face of heightened competition for large artificial intelligence models.

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