Australian tech giant Canva swings axe, 1200 jobs affected in restructure
Australia’s most valuable private company will cut hundreds of jobs and ask hundreds of staff to relocate as shake-ups rock the tech industry.
Australian tech giant Canva will slash hundreds of jobs and is asking staff to relocate overseas as the Sydney-headquartered company attempts to streamline its business.
The design company’s co-founder and chief executive Melanie Perkins messaged staff on Wednesday, giving some details of job cuts and relocations which will in total affect 1271 people, or 22 per cent of Canva’s workforce.
“This is without doubt the hardest moment in our thirteen-year history,” Ms Perkins said in the message, which was posted by the company as a media release.
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By continuing you agree to our Terms and Privacy Policy.“This has been our hardest year yet, and as we shared earlier this year, our growth has slowed for the first time in a decade.
“After exploring a wide range of alternatives, I’ve come to the difficult conclusion that small changes won’t be enough,” she said.
More to come...
Originally published as Canva swings axe, 1200 jobs affected in restructure
