Canva cuts revenue growth forecast to 20% from 30%, citing AI costs

Canva has cut its revenue growth forecast to 20% from 30%, which the company tied to ballooning AI costs. It has been shipping its own AI models to reduce those costs and its reliance on third-party models. The move comes alongside a 22% workforce cut, about 1,271 people, reported by TechCrunch on 4 November 2026.