Canva cuts or relocates 1,200+ jobs, 22% of workforce, in AI-driven restructure

Canva announced a major restructure cutting or relocating over 1,200 jobs (22% of global workforce), citing the need to stay competitive against cheaper AI disrupters. This mirrors a broader tech-sector trend of software companies downsizing to adapt to AI-driven cost pressures. The move signals potential market consolidation and labor market shifts in the tech industry.

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