Major layoff decision at the giant platform: 22 percent of employees will be affected

Canva will cut 1,271 jobs, about 22% of its workforce, as the design platform undertakes a restructuring after its growth slowed for the first time in a decade. Departing employees will receive at least six months of salary, and those who want to start new ventures will get $10,000 in support. The move marks one of the largest layoffs at the Australian design-software company and signals mounting pressure on once high-flying technology firms to trim costs as expansion cools. Investors and industry watchers will focus next on whether the reductions stabilize Canva’s margins and whether the company can reignite growth in its core design and collaboration products.