Canva, one of the world's most widely used graphic design platforms, is joining a growing list of technology companies restructuring operations and reducing headcount. The company has announced plans to cut about 22 per cent of its workforce, affecting 1,271 employees, as it grapples with slower business growth, rising artificial intelligence (AI) expenses, and intensifying competition.
\n\nThe decision comes at a time when major technology firms are reassessing their workforce requirements and spending priorities. However, Canva's approach to supporting employees affected by the restructuring has attracted considerable attention, with its severance package and career transition assistance drawing positive reactions online.
\n\nIn an internal communication to employees, co-founder and CEO Melanie Perkins explained that the company needed to make significant organisational adjustments to prepare for its next phase of development.
\n\nWhile reflecting on Canva's progress over the past 13 years, Perkins recognised the contributions of employees who helped transform the original business idea into a globally recognised design platform. However, she also acknowledged that the company's growth trajectory had changed.
\n\n“Over the past thirteen years, we’ve turned a dream in a pitch deck into a platform used by hundreds of millions of people. None of it would have been possible without…
Original source: https://www.timesnownews.com/business-economy
