Canva has asked some of its Melbourne-based staff to move to Sydney or take redundancies under a historic restructure designed to return the design software giant to a culture of smaller teams and faster decision-making.
Big investors in Canva have thrown their support behind plans to cut 22 per cent of the workforce, and expressed confidence that the $US31 billion ($44.5 billion) company could turn its fortunes around and retain relevance in the face of heightened competition for large artificial intelligence models.
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