According to KBC, Canva, an Australian start-up, has announced a business restructuring that will affect 22 percent of its workforce.
The company's co-founder and chief executive Melanie Perkins described the decision as the hardest moment in the firm's thirteen-year history, according to the report.
The restructuring will result in 1,271 people either losing their jobs or being asked to relocate, KBC reports. Perkins reportedly characterised the period as the company's hardest year yet.
Source: KBC