Canva cuts 1,271 jobs, first slowdown in decade

Canva, the Australian design software startup, announced layoffs of 1,271 employees, about a fifth of its team, citing its most difficult moment after experiencing its first slowdown in a decade. The move signals a significant contraction in the tech sector's growth trajectory, potentially reflecting broader market conditions for high-growth software companies. The layoffs may impact investor sentiment toward private tech valuations and the broader startup ecosystem.

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