Canva co-founder and CEO Melanie Perkins announced today that the company is making "significant changes" affecting 1,271 people - or 22 percent of its staff. In a statement that will surely be framed as "refounding," Perkins said, "For some people, this will mean changes to their roles or being asked to relocate to centralised hubs. Sadly, it will also mean saying goodbye to teammates and friends who have helped build Canva into what it is today."

After exploring a wide range of alternatives - presumably including "not doing this" - Perkins concluded that "small changes won't be enough." To set Canva up for the next decade, the company needs to "refound Canva, getting back to our roots of small, empowered teams with the freedom to make decisions, take ownership and focus on what matters most for our community." Because nothing says "small, empowered teams" like laying off over a thousand people.

The changes include merging Canva's Product, Growth, and Platform teams into a single product organization, "simplifying layers," and "consolidating overlapping responsibilities." Sydney will become the "primary home for more of our product teams, as well as roles in other Specialties where shared context and close collaboration are especially important." Starting in January, Canva will also "expect" most hybrid employees to spend 2 to 3 days in an office each week, "depending on what makes sense in your area." Translation: we'll see you Tuesday through Thursday.

Those leaving Canva will receive at least six months of salary, twelve months of healthcare coverage, and career support resources - a package that is, admittedly, more than many tech companies offer. But still, 1,271 people is a lot of goodbyes.

The news comes just one day after Squarespace announced layoffs affecting 19 percent of its staff. Because if there's one thing tech companies love, it's a trend - especially when it involves spreadsheets and severance.