Billionaire’s brutal Canva shakeup: 1200 out, everyone else back in

Tech heroine Melanie Perkins calls Canva’s massive 1,200-person layoff a "refounding" of the tech unicorn. But behind the PR spin and a strict new return-to-office mandate lies a harsher reality: the threat of AI disruption, flattening growth, and a significant valuation haircut.

In this episode of The Front, Claire Harvey is joined by The Australian’s resident billionaire expert John Stensholt to cut through the spin. Is Canva’s era of innocence officially over, and what does forcing remote workers back into a $130m Surry Hills headquarters reveal about the tech industry's future?

Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel

This episode of The Front is presented and produced by Claire Harvey with Jasper Leak, and edited by Joshua Burton. Our team includes Kristen Amiet, Lia Tsamoglou and Tiffany Dimmack. Jasper Leak composed our theme.

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