Canva Restructures, Cutting or Moving About 22% of Roles

Canva's move is a consolidation story rather than a pure cost story: merging product, growth and platform teams and anchoring the core in Sydney signals a bet that tighter, co-located teams beat distributed scale. The generous six-month severance suggests a company that can absorb the hit and wants to protect its employer brand while doing it. For the wider tech and crypto-adjacent design and tooling sector, the takeaway is that even well-funded platforms are rebalancing headcount toward fewer, more central hubs. Whether other scaled software firms mirror the co-location push is the open question.