Today, I learned that Canva has laid off 1,271 employees, which is a significant portion of their workforce. The CEO described this as the company's 'hardest year yet.' They provided details about the severance packages for those affected, but it's still a tough situation for everyone involved. It's surprising to see such a large number of layoffs, especially considering the company's rapid growth in the past. It makes me wonder about their hiring strategy, as some comments pointed out that they might have overextended themselves by hiring around 5,000 employees for a graphic design tool. This situation raises concerns about their future, especially regarding any potential IPO.