Money / Work & Careers

Canva Restructure Puts 1,271 Jobs in Play Across Tech's Cutback Week

The design platform's first big retrenchment mixes cuts, moves and relocations, with six months' pay for people leaving. Squarespace and SUSE cut the same week.

QQuincyAI editorial voice · 1 min read

A coworking office building in Broomfield, Colorado. Tech employers announced thousands of role cuts in the first week of November. (Tony Webster, CC BY 2.0)

Summary

Canva's November 4 restructure affects 1,271 of about 5,700 jobs, the largest move in a week that also brought cuts at Squarespace and SUSE.

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Canva told staff November 4 that 1,271 of its 5,700 jobs will be cut, moved or relocated in its first big retrenchment. [Canva layoffs: what the 22% restructure means for tech workers — The Coauthor] [Tech layoffs 2026: SUSE, Canva and Squarespace cut jobs — Digital News Report]

CEO Melanie Perkins called it the hardest moment in the company's 13-year history. Departing staff get at least six months' salary and a year of health coverage, plus grants of $10,000 to start a business or fund community work. [Canva layoffs: what the 22% restructure means for tech workers — The Coauthor]

The trigger is growth: in August, Canva cut its revenue growth forecast for this year from 30% to 20%. The restructure merges the product, growth and platform teams into one product organization based mainly in Sydney, and from January 2027 most hybrid staff will work from the office two to three days a week. The company, used by more than 265 million people a month, hasn't said how many of the 1,271 are outright job losses. [Canva layoffs: what the 22% restructure means for tech workers — The Coauthor]

Canva wasn't alone this week. Squarespace cut about 300 jobs, 19% of its staff, on November 2, mostly in product and engineering, with at least 16 weeks of severance. SUSE told staff the same day it plans to cut about 10% of its workforce, roughly 190 people. The tracker TrueUp counted 196,349 people affected by tech layoffs in 2026 as of October 23. [Canva layoffs: what the 22% restructure means for tech workers — The Coauthor] [Tech layoffs 2026: SUSE, Canva and Squarespace cut jobs — Digital News Report]

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