Australian graphic design platform Canva has announced plans to cut 1,271 jobs, representing approximately 22% of its workforce, as it restructures following a slowdown in growth. The Sydney-based company said on Wednesday that the job reductions come after its growth slowed for the first time in a decade. As part of the restructuring, Canva is combining its product, growth and platform teams into a single product organisation. The company also plans to make Sydney the main base for more of its product teams, according to the supplied report. The workforce reduction makes Canva the latest technology company to reassess its staffing and organisational structure amid changing business conditions and rapid advances in artificial intelligence. Technology companies are increasingly adjusting their operations as AI capabilities develop and businesses reconsider how teams and resources should be organised. Canva, which provides online tools for graphic design and visual content creation, has expanded its platform beyond its original design features. The latest restructuring signals a shift in how the company plans to organise its teams following the reported slowdown. The supplied report does not provide details about which departments, locations or roles will be most affected, nor does it specify the timeline for completing the job cuts. The announcement highlights the continuing pressure on technology companies to adapt their workforce and business structures as growth expectations change and AI reshapes the industry.

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