AssetID: 56131393
Headline: UNCAPTIONED: Canva Announces Major Job Cuts After 'Hardest Year Yet'
Caption: Canva Announces Major Job Cuts After 'Hardest Year Yet’. Australian design software company Canva has announced a major restructuring affecting 22% of its workforce. Chief Executive Melanie Perkins said 1,271 employees would face redundancy, relocation or changes to their roles. Describing it as the hardest moment in Canva's 13-year history, Perkins said the company's growth had slowed for the first time in a decade. The shake-up comes amid concerns about artificial intelligence's impact on Canva's business and the cost of integrating the technology. The company plans to centralise more product teams in Sydney, while hybrid employees will be expected to work in offices two to three days a week from next year. Canva’s reported valuation has fallen from around 60 billion to 49 billion Australian dollars. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Canva,announces,major,job cuts,restructuring,Chief Executive,Melanie Perkins,1271 employees,affected,redundancy,relocation,changes,roles,slowed growth,artificial intelligence,impact,design company,Sydney,Australia,value dropped,49 billion
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