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title: Canva lays off over 1,200 people amid slowing growth
description: Canva is cutting 22% of its staff, about 1,271 people, as growth slows for the first time in a decade. CEO Melanie Perkins called it the company's 'hardest...
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# Canva lays off over 1,200 people amid slowing growth

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments

## Summary

Canva is cutting 22% of its staff, about 1,271 people, as growth slows for the first time in a decade. CEO Melanie Perkins called it the company's 'hardest year yet' in a note to employees. Canva is merging its product, growth and platform teams, reducing subspecialization, and shifting to hybrid office work. The company cut its revenue growth forecast from 30% to 20% to address ballooning AI costs, and early investors cut its valuation to about $35 billion earlier this year. Canva also faces increasing competition from AI startups and general-purpose chatbots like ChatGPT and Gemini.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/11/04/canva-lays-off-over-1200-people-amid-slowing-growth>

## Questions this post answers

### How many employees did Canva lay off and what percentage of staff does that represent

Canva cut 1,271 employees, representing 22% of its workforce. CEO Melanie Perkins described it as the company's hardest year yet, noting that growth slowed for the first time in a decade after thirteen years of expansion since its founding.

_Developers tracking tech industry layoffs follow company-level cuts like this on daily.dev._

### Why did Canva cut its revenue growth forecast

Canva cut its revenue growth forecast from 30% to 20% to address ballooning AI costs, despite building its own AI models to reduce reliance on third-party providers. This forecast cut also led early investors to lower Canva's valuation to about $35 billion.

_Anyone weighing AI infrastructure costs against growth targets can follow cases like Canva's on daily.dev._

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