:BAR_CHART [title:Canva annual revenue growth rate (%), links:https://www.bloomberg.com/news/articles/2026-11-03/canva-announces-layoffs-job-changes-for-about-22-of-workforce]
2024 | 40
2025 | 30
2026 (forecast) | 30
2026 (actual) | 20

:COUNTER [links:https://www.bbc.co.uk/news/articles/cw77pg7neydmo]
1271 Canva employees laid off or relocated

:QUOTE [links:https://www.theregister.com/saas/2026/11/04/aussie-adobe-assailant-canva-announces-layoffs-in-re-org-affecting-22-of-staff/5307422, quotetype:plain, subtitle:Melanie Perkins - CEO of Canva]
2026 has been our hardest year yet. After exploring a wide range of alternatives, I've come to the difficult conclusion that small changes won't be enough.

:TABLE [title:What departing Canva staff receive, links:https://ia.acs.org.au/article/2026/canva-cuts-jobs-in-major-restructure-affecting-1-200-staff.html]
Item | Detail
Minimum severance | 6 months salary (inclusive of statutory entitlements regardless of country)
Startup grant | US$10,000
Health insurance | 1 year
MacBook | Keep the laptop
LinkedIn Premium | 1 year membership

:INFO
What we know
• 1,271 employees (22% of global workforce) face layoffs, role changes or mandatory relocation to Sydney headquarters.
• Product, growth and platform teams are being merged into a single "Product Org" to cut layers and overlap.
• A return-to-office requirement of 2-3 days a week takes effect January 2027.
• Canva's 2026 revenue growth forecast was cut from 30% to 20%, slowing for the first time in a decade.
• The company remains profitable on a free-cash-flow basis; revenue was $3.5 billion in the prior year.
• Competition from free generative AI design tools is cited as an underlying structural pressure.

:INFO
What is not yet known
• The exact country-by-country breakdown of which roles are cut versus relocated.
• Whether the valuation (downgraded roughly 20%) will affect the targeted 2027 US IPO timeline.
• How many employees will choose relocation to Sydney versus accepting severance.

:CHECKLIST [links:https://ia.acs.org.au/article/2026/canva-cuts-jobs-in-major-restructure-affecting-1-200-staff.html]
What happens next
[ ] Individual meetings with affected staff (underway from 4 November 2026)
[ ] Company-wide all-hands meeting on 10 November 2026
[ ] Return-to-office mandate takes effect January 2027
[ ] US IPO targeted for 2027 (timeline under review given valuation cut)

:NOTE
Sources: Bloomberg (primary, 3 Nov 2026), BBC Business, The Guardian, The Register, ACS/IT News Australia. Growth rate figures from Bloomberg via Startup Daily. Severance package from ACS. Cover image: K-Tech Office, Bengaluru, Wikimedia Commons, CC0.