(Nov 4): Australian graphic design platform Canva Group said on Wednesday it will slash 1,271 jobs, or ​around 22% of its workforce, as part of a ‌restructuring after its growth slowed for the first time in a decade.

Canva co-founder and CEO Melanie ​Perkins said the changes would reshape how the ​company is organised, where some teams are ⁠based and what roles it needs.

Canva said it ​is merging its Product, Growth and Platform teams into ​a single Product Org to cut handovers and give teams clearer ownership and more autonomy.

The firm added it is consolidating ​roles and simplifying layers to give teams end-to-end ​responsibility as splitting work across many subspecialties had fragmented ownership.

Canva said it will make ‌Sydney ⁠the main base for more of its product teams and ask some staff to relocate, and from January it expects most hybrid employees to be ​in the ​office two ⁠to three days a week.

The graphic design firm will also provide $10,000 grants to departing employees for ​future endeavours.

"To set ourselves up for ​the next ⁠decade, we need to refound Canva, getting back to our roots of small, empowered teams with the ⁠freedom ​to make decisions, take ownership ​and focus on what matters most for our community," Perkins added.

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