Aakash GuptaLead source
📝 Canva's free users started costing money, and 1,271 jobs went Canva just cut 1,271 people, about 22% of the company, a few months after free users piled into its new AI tools, which cost Canva real money every single time someone typed a prompt. Canva had about 5,800 employees before today. Melanie Perkins called this "the hardest moment in our thirteen-year history," and she told staff growth had slowed for the first time in a decade. What got me when I read through it is how it started. Canva's new AI got used way more than anybody planned for, and a big chunk of the people using it were on the free plan. How Canva always made money More than 265 million people use Canva every month, and about 31 million of them pay. So roughly one person in nine is picking up the bill for the other…Read original on X