Canva cuts 1,271 roles in 'hardest moment of its history'

The Australian design company says about 22% of roles are affected.

Confirmed

Australian design company Canva is cutting 1,271 roles. The Sydney Morning Herald reported that the cuts affect about 22% of roles. The Herald described it as the hardest moment in the company's history. Canva is based in Sydney. Millions of people use it to make posters, slides and social media posts. TechCrunch reported that the cuts come as the company's growth slows. Not every affected role is a job loss. The figure also includes people whose roles are changing or who are being asked to move. Canva is one of Australia's best-known tech success stories. Cuts this big are a sign that tech companies are under pressure. It is not yet known exactly how many people will lose their jobs, or which teams are most affected.