Canva is restructuring and laying off 1,271 employees, or 22% of its workforce, due to slowing growth and changes in technology. CEO Melanie Perkins called it the company's toughest year and said the company is reorganizing into smaller, more autonomous teams to adapt. The restructuring includes combining teams, reducing management layers, and shifting work locations, with Sydney becoming a primary hub. Canva is offering generous severance packages and support for departing employees, including career coaching and grants for new ventures. More details will be shared in a company meeting on Nov. 10.
Canva's restructuring and workforce reduction provide context for technology sector movements. For readers following technology stocks, here is Pluang's market snapshot as of Nov 05, 2026 00:21 WIB: Among 150 priced US technology stocks, 78 rose and 72 fell. Notable gainers include LYFT at USD 18.67 (+12.00%), APP at USD 274.02 (+11.61%) with 100% buy order activity on Pluang, and CDW at USD 166.83 (+11.39%).
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