Canva Cuts 1,271 Jobs Amid Slow Growth

Design software maker Canva cuts 22% of its staff, totaling 1,271 people, due to slowing growth. CEO Melanie Perkins states this is the company's hardest year as growth slowed for the first time in a decade. The firm reduces its revenue growth forecast to 20% from 30% to address ballooning AI costs and faces competition from AI startups.