Canva restructures 22% of staff after growth slows for first time in a decade

Canva is cutting, moving or changing the roles of 1,271 employees, or 22% of its staff, after its growth slowed for the first time in a decade, Bloomberg reports.

The reported aim is to equip Canva to build AI products, not to automate the departing roles, and AI was not named as a cause of the cuts.

Bloomberg also reports that Canva has delayed several AI launches because serving them to a mostly non-paying user base has proved too expensive.