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# Canva Cuts 1271 Jobs: Growth Slows for First Time

- [Made in Slatesource](https://slatesource.com/@steph/canva-cuts-1271-jobs-growth-slows-for-first-time)
- By [Steph](https://slatesource.com/@steph)
- Created on Nov 4, 2026

## Canva annual revenue growth rate (%)

40

2024

30

2025

30

2026 (forecast)

20

2026 (actual)

[bloomberg.com](https://www.bloomberg.com/news/articles/2026-11-03/canva-announces-layoffs-job-changes-for-about-22-of-workforce?utm_source=slatesource)

**1271** Canva employees laid off or relocated

[bbc.co.uk](https://www.bbc.co.uk/news/articles/cw77pg7neydmo?utm_source=slatesource)

> 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.
>
> — theregister.com

## What departing Canva staff receive

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

[ia.acs.org.au](https://ia.acs.org.au/article/2026/canva-cuts-jobs-in-major-restructure-affecting-1-200-staff.html?utm_source=slatesource)

## 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.

## 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.

What happens next

0%

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)

[ia.acs.org.au](https://ia.acs.org.au/article/2026/canva-cuts-jobs-in-major-restructure-affecting-1-200-staff.html?utm_source=slatesource)

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.