{"id":"1793765192088-tech-segment","slug":"canva-cuts-22-percent-of-staff","title":"Canva cuts 22 percent of staff","summary":"The Verge reports that Binance says hackers used fake job interviews and an internal AI tool to pull off a $6.3 billion crypto heist, described as the largest crypto theft to date. This is a hands-on preview of an Apple Watch feature. It reports a developer beta release but does not assert a broadly checkable factual claim for fact-checking.\n\nCanva announced changes and layoffs affecting 22% of its staff, or 1,271 people, according to The Verge.","publishedAt":"2026-11-04T04:06:32.088Z","channel":{"id":"tech","name":"Oncast Tech","language":"en"},"show":"Tech Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: The Verge reports that Binance says hackers used fake job interviews and an internal AI tool to pull off a $6.3 billion crypto heist, described as the largest crypto theft to date. This is a hands-on preview of an Apple Watch feature. It reports a developer beta release but does not assert a broadly checkable factual claim for fact-checking.\nSource: [theverge.com](https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained) NAMES: Binance = major cryptocurrency exchange. POST news:db371fb8cc2da192: (https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained)\n\nTRUE: Canva announced changes and layoffs affecting 22% of its staff, or 1,271 people, according to The Verge.\nSource: [theverge.com](https://www.theverge.com/tech/1025971/canva-changes-layoffs) NAMES: Canva = Australian graphic design platform. (https://www.theverge.com/tech/1025971/canva-changes-layoffs)","claims":[{"verdict":"TRUE","summary":"The Verge reports that Binance says hackers used fake job interviews and an internal AI tool to pull off a $6.3 billion crypto heist, described as the largest crypto theft to date. This is a hands-on preview of an Apple Watch feature. It reports a developer beta release but does not assert a broadly checkable factual claim for fact-checking.","sourceName":"[theverge.com](https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained) NAMES: Binance = major cryptocurrency exchange. POST news:db371fb8cc2da192:","sourceUrl":"https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained","claim":"Binance says hackers used fake job interviews and an internal AI tool to pull off the $6.3 billion heist - The largest crypto theft to date was pulled off by combining some well-known hacking techniques over the course of a few months, according to Binance. A postmortem from the ","author":"The Verge"},{"verdict":"TRUE","summary":"Canva announced changes and layoffs affecting 22% of its staff, or 1,271 people, according to The Verge.","sourceName":"[theverge.com](https://www.theverge.com/tech/1025971/canva-changes-layoffs) NAMES: Canva = Australian graphic design platform.","sourceUrl":"https://www.theverge.com/tech/1025971/canva-changes-layoffs","claim":"Canva is announcing changes and layoffs affecting 22 percent of its staff - Canva is making significant changes affecting 1,271 people, which is 22 percent of its staff, co-founder and CEO Melanie Perkins announced today. \"For some people, this will mean changes to their roles or","author":"The Verge"}]},"sources":[{"url":"https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained","name":"[theverge.com](https://www.theverge.com/news/1025576/binance-cyrpto-theft-explained) NAMES: Binance = major cryptocurrency exchange. POST news:db371fb8cc2da192:","kind":"news","verdict":"TRUE","author":"The Verge"},{"url":"https://www.theverge.com/tech/1025971/canva-changes-layoffs","name":"[theverge.com](https://www.theverge.com/tech/1025971/canva-changes-layoffs) NAMES: Canva = Australian graphic design platform.","kind":"news","verdict":"TRUE","author":"The Verge"}],"url":"https://oncast.fm/story/1793765192088-tech-segment-canva-cuts-22-percent-of-staff","listenUrl":"https://oncast.fm/c/tech","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793765192088-tech-segment-canva-cuts-22-percent-of-staff","cite":"Cite https://oncast.fm/story/1793765192088-tech-segment-canva-cuts-22-percent-of-staff and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Chris","text":"Canva just cut 22 percent of its staff."},{"host":"Matilda","text":"Twenty-two percent is not a trim. And some roles are moving to 'centralised hubs'."},{"host":"Chris","text":"Melanie Perkins announced it today. The Verge reports some people will see role changes or be asked to relocate."},{"host":"Matilda","text":"Canva built its brand on being the friendly, do-everything design tool. Now it's acting like a panicked Big Tech firm."},{"host":"Chris","text":"Or like a company that overhired and is cutting costs before the market does it for them."},{"host":"Matilda","text":"Oh, come on—they've been pushing AI features hard. If AI made designers more productive, why cut a fifth of the workforce?"},{"host":"Chris","text":"Because you don't need the same sales and support staff when the product starts selling itself. That's not panic; it's math."},{"host":"Matilda","text":"No, it's a shift. 'Centralised hubs' is corporate code for making remote workers quit without calling it a layoff."},{"host":"Chris","text":"Maybe. Or they need people in the same room to build complex features. Remote work at that scale can slow everything down."},{"host":"Matilda","text":"The company says 'this will mean changes to their roles or being asked to relocate.' That's not a remote-first message."},{"host":"Chris","text":"And maybe it shouldn't be. Canva has grown up; it's competing with Adobe and Microsoft now. Tough decisions come with that."},{"host":"Matilda","text":"Competing how? By cutting designers while promoting AI tools that do the designing? That's the part I want them to own."},{"host":"Chris","text":"They didn't say AI caused the cuts. You keep connecting two things with no evidence."},{"host":"Matilda","text":"I don't need a confession. I need a company that made its name on easy design to admit when it's replacing people with algorithms."},{"host":"Chris","text":"Or it's an overstaffed company righting the ship. Not every layoff is a robot takeover."},{"host":"Matilda","text":"Fine. But the timing is rough, and relocating people to hubs is a quiet way to shrink payroll. That deserves more scrutiny."},{"host":"Chris","text":"Scrutiny, sure. But a 22 percent cut is also a clear signal they think the old model won't survive the next few years."},{"host":"Matilda","text":"If that's true, then every design tool company is about to do the same thing. That's the real story."},{"host":"Chris","text":"And if it's not, Canva just made a painful bet. Either way, many people are updating their resumes tonight."},{"host":"Matilda","text":"Different corner of tech: Apple is putting more AI on your wrist."},{"host":"Chris","text":"I already have a phone for that."},{"host":"Matilda","text":"The Verge is trying Audio Intelligence on the Apple Watch Series 12 and Ultra 4. The developer beta just hit, with a live rewind feature and a Siri recap."},{"host":"Chris","text":"Great, now my watch can summarize all the notifications I already ignored."},{"host":"Matilda","text":"That's the thing—it's not just summaries. It can rewind audio you missed. For people with hearing issues, that's real."},{"host":"Chris","text":"Okay, I'll grant you that. But 'Audio Intelligence' sounds like Apple slapped the word AI onto everything and hoped we'd upgrade."},{"host":"Matilda","text":"The Verge says it's too early to judge—these features need to be lived with day to day. But live rewind is useful if you miss a phrase while running."},{"host":"Chris","text":"Or if you're just not paying attention. Which is... everyone."},{"host":"Matilda","text":"And the Siri recap is supposed to catch you up on what you missed, without pulling out your phone. That's actually handy."},{"host":"Chris","text":"Until it starts recapping spam from group chats I muted three years ago."},{"host":"Matilda","text":"Fair. The beta just dropped, so the real test is whether people actually keep it on after day one."},{"host":"Chris","text":"If it survives past the first software update, I'll stop calling it a gimmick."},{"host":"Chris","text":"One more from X: investor Howard Lindzon says Tesla is down 5 percent overnight, and he thinks it may force Elon to merge it with SpaceX sooner than he wanted."},{"host":"Matilda","text":"That number isn't confirmed, and the merger part is pure speculation."},{"host":"Chris","text":"Right, Lindzon's real point: he thinks a down stock could force Musk's hand."},{"host":"Matilda","text":"Why would a one-day drop force a merger? That's how traders talk, not how companies work."},{"host":"Chris","text":"No, wait—if Tesla stays under pressure, bringing SpaceX into the same umbrella gives investors a growth story beyond cars."},{"host":"Matilda","text":"SpaceX is private and doing fine on its own. Merging them doesn't fix Tesla's demand or margin issues. It's a distraction."},{"host":"Chris","text":"Tell that to shareholders who've been asking for a Musk premium. A combined company would be the biggest industrial story in decades."},{"host":"Matilda","text":"It would also be a governance nightmare. Tesla has enough on its plate without strapping a rocket company to its earnings."},{"host":"Chris","text":"That's exactly the point—some investors think the rocket company IS the earnings growth. You're underestimating it."},{"host":"Matilda","text":"I'm not underestimating SpaceX. I'm saying a stock drop is not a merger catalyst. Call me when there's an actual filing."},{"host":"Chris","text":"Could be anything from sales numbers to rate news. That's why I'm not betting the ranch on it."},{"host":"Matilda","text":"And if Tesla is losing that much overnight, the story isn't merger—it's what scared investors."},{"host":"Chris","text":"Fair enough. But if it happens, you heard the theory here first."},{"host":"Matilda","text":"I'll take that bet."}]}