Canva Job Cuts Hit 22% of Workforce After Difficult Year

RecentNews.uk

Canva is cutting 1,271 jobs, affecting 22% of its global workforce.

CEO Melanie Perkins cited slowing growth and high artificial intelligence expenses.

Sydney will become the primary hub for expanded product teams.

Investors recently downgraded the company's valuation amid market shifts.

Will artificial intelligence tools make traditional graphic design software obsolete?

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