UK — The Register

Aussie Adobe assailant Canva announces layoffs in re-org affecting 22% of staff

SoftwareNovember 4, 20261 min read

Canva, an Australian design software company, is cutting and changing jobs for 22% of its staff. The company's CEO says it needs to change how it works to keep growing.

What happened

Canva is restructuring. It has 1,271 employees who face layoffs, changes to their roles, or requests to move to a new city. The CEO, Melanie Perkins, shared the news in a message to staff on Wednesday. She said small changes will not be enough, so the company must "refound" itself. The company will combine its product, growth and platform teams into one "Product Org."

Key numbers and facts

1,271 employees, or 22% of the workforce, are affected.
Canva had 260 million monthly users and $3.5 billion in revenue last year.
Departing staff get at least six months' pay and a year of health insurance.
Departing staff get a one-year LinkedIn Premium membership to help find new jobs.

Why the company is changing

Canva's growth slowed recently for the first time in a decade. Perkins said the company has become inefficient. She said the changes are meant to simplify management layers and reduce overlapping jobs. The company also plans to move more product teams to its headquarters in Sydney, Australia.

Why it matters

Canva is one of Australia's most successful tech companies, and it competes with Adobe. This news shows that even fast-growing tech firms can cut jobs when growth slows. The CEO says new technology is changing what people create and expect, so companies must adapt to keep up.

What to watch

How many people will actually lose their jobs, since the CEO did not say a number.
How many staff will accept relocation to Sydney.
Whether Canva's new Product Org improves growth.
Whether other Australian tech firms, such as Atlassian, make more cuts.

Glossary

Canva: An Australian company that makes design software for people to create posters, videos and other content.
Adobe: A large software company known for design tools, and a rival of Canva.
Product Org: Canva's new single team that combines product, growth and platform work.
LinkedIn Premium: A paid job-search and networking service on LinkedIn, a site for work connections.

All the news about The Legend of Zelda: Ocarina of Time remake

Nintendo is releasing a Switch 2 remake of The Legend of Zelda: Ocarina of Time on November 5th, 28 years after the original N64 launch. The remake features a more realistic visual style, a jump button, a sprint option, full voice acting, and a "Threads of Time" progress-tracking feature, while many elements remain faithful to the original. A Switch 2 console and Pro Controller with Triforce imagery are also being released to celebrate the game.

SoftwareThe VergeNov 4

Canva is announcing changes and layoffs affecting 22 percent of its staff

Canva is making significant changes affecting 1,271 people, or 22 percent of its staff, co-founder and CEO Melanie Perkins announced. The changes include merging the Product, Growth, and Platform teams into one product organization, making Sydney the primary home for more product teams, and expecting most hybrid employees to spend 2 to 3 days a week in an office starting in January. Departing employees will receive at least six months of salary, twelve months of healthcare coverage, and career support.

SoftwareThe RegisterNov 4

Microsoft improves Windows 11 performance on 8 GB PCs as RAM prices keep climbing

Microsoft says it is "raising the bar for 8 GB Windows 11 PCs" through memory management changes, claiming up to 20 percent better responsiveness and 40 percent faster multitasking on such machines. Changes include keeping up to 2 GB more active data in memory, launching Edge up to 33 percent faster when it runs in the background, and shortening the default Edge tab sleep time from two hours to 15 minutes. The move comes as rising RAM prices, driven by AI infrastructure demand, make pricier Copilot+ PCs, which require at least 16 GB, a focus for the company.

SoftwareZDNet KoreaNov 4

Coupang Inc. Posts Record Q3 Revenue of 14.2 Trillion Won, Operating Loss of 642.3 Billion Won

Coupang Inc., the U.S. parent of Coupang, reported record third-quarter revenue of $9.962 billion (about 14.2 trillion won), up 7% year over year, but swung to an operating loss of $450 million (about 642.3 billion won). The results include about 354 billion won in losses from the July fire at its Incheon fulfillment center, and the company has now posted operating losses for three consecutive quarters. Excluding the fire losses, the company estimates its third-quarter operating loss would have been about 288.3 billion won.