Canva announces major job cuts after 'our hardest year yet'
CEO Melanie Perkins says more than 1,000 staff will either lose their jobs or be asked to change roles.
Canva, one of Australia's best known start-ups, has announced a shake up of the business that will affect 22% of its workers, including job cuts.
In what was "without doubt the hardest moment in our thirteen-year history" co-founder and CEO Melanie Perkins said 1,271 people would either lose their jobs, be asked to relocate or change roles.
The firm's value has reportedly dropped in the past year over concerns about the impact of artificial intelligence (AI) on its business as well as the cost of incorporating the technology into its platforms.
The company, which has staff in 37 countries, said Sydney would become the "primary home" for more of its product teams and that as of next year hybrid workers would be expected to spend two to three days in the office.