Earlier this year, Australia’s homegrown technology success story, Canva, pitched its plan to beat the global AI giants at their own game by pivoting to an AI-first strategy.
In just eight months, Canva’s ambition to immunise itself against the SaaSpocalypse triggered by the rise of agentic AI has had a major reality check and the company is now making its first job cuts in its 13-year history . It has joined a list of technology firms in Australia and overseas that are scaling back their workforces in response to AI-driven challenges.
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