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More than 1,200 Canva jobs impacted as AI reshapes business

SBS News Australia •
November 04, 2026 • 07:27 AM
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Canva is cutting or relocating more than a fifth of its workforce. What does it signal about the impact of AI?

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Australian design giant Canva is cutting or relocating more than 1,200 jobs in what its co-founder describes as the company's hardest moment. What does the restructure reveal about the challenges facing businesses in the AI era? SBS Finance Editor Ricardo Gonçalves speaks with economic futurist Evan Lucas, while Francesco de Stradis from Ord Minnet explores how the US mid-term elections, higher Australian interest rates and mounting pressure on retailers are shaping the outlook for investors.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money , and follow the show on the SBS Audio app , Apple Podcasts , Spotify or wherever you get your podcasts.

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Same Story from Other Publications

Compare how 4 other independent news outlets reported on this story.

4 Publications
TechCrunch
1w ago
Canva lays off over 1,200 people amid slowing growth | TechCrunch

Canva lays off over 1,200 people amid slowing growth | TechCrunch

Canva is cutting 22% of its staff as it faces its 'hardest year' yet.

#canva #200
Compare →
The Next Web (TNW)
1w ago
‘The hardest moment in our thirteen-year history’: Canva cuts jobs

‘The hardest moment in our thirteen-year history’: Canva cuts jobs

Canva will cut jobs, change roles or relocate 1,271 staff. Leavers get six months’ pay, their MacBooks and US$10,000 grants.

#canva #jobs
Compare →
The Australian Financial Review (AFR)
1w ago
Will AI boom bust Canva?

Will AI boom bust Canva?

The company’s challenge is to find profitable and compelling ways to incorporate the technology into its products to attract users.

The Age
6d ago
From misery walk to mass layoffs: Inside Canva’s hardest month

From misery walk to mass layoffs: Inside Canva’s hardest month

Insiders say Canva’s billionaire co-founders agonised over layoffs for weeks. They now have to try and turn the company around.

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