Canva Layoffs: Canva is gearing up for a potential stock market listing, making the timing of the restructuring particularly significant for its financial outlook. (File Photo)
\n\nCanva Inc. is planning a major organisational restructuring that will affect more than a fifth of its workforce, as the growing influence of artificial intelligence (AI) prompts the design software company to rethink its business model and team structure. At least 1,271 employees, representing 22 per cent of the company's workforce, will either lose their jobs, move into different roles or be relocated to central office hubs.
\n\nCanva Chief Executive Officer Melanie Perkins communicated the changes to employees in a note published on the company's website on Wednesday, according to a Bloomberg report.
\n\nThe restructuring marks a major shift for the Sydney-based company, which operates an online platform used to create graphics, presentations and other visual content. The changes also reflect the mounting pressure on software companies as AI-powered tools transform how users access and develop digital products.
\n\nWhy Is Canva Restructuring Its Workforce?
\n\nThe rapid advancement of artificial intelligence has raised concerns about the future of traditional software businesses. Tools such as Anthropic PBC's Claude are changing how people complete tasks, potentially reducing…
Original source: https://www.timesnownews.com/business-economy
