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Market Impact: 0.35

Canva Announces Layoffs, Job Changes for About 22% of Workforce

Source: Bloomberg

Company FundamentalsM&A & RestructuringTechnology & Innovation

Canva announced job cuts and a structural overhaul affecting more than one-fifth of its workforce after the Sydney-based tech firm’s growth slowed for the first time in a decade. The article gives no details on the number of roles, financial impact or market reaction.

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