As tech layoffs mount, Canva hopes that businesses seeking to cut costs will switch to its software from more expensive ones such as Adobe’s Creative Cloud
Tech companies saw exceptional growth in revenue and employee head counts through the pandemic. But now, they are cutting thousands of jobs. WSJ explains the reasons for the industry’s massive layoffs.SYDNEY—As layoffs in the tech sector mount, one highly valued startup is attempting to persuade businesses that its products offer better value when many are seeking to cut costs.
Australian design-software startup Canva Pty. Ltd. hopes businesses will switch from more expensive products such as Adobe Inc.’s Creative Cloud. The risk is that potential customers, fearing a fall in revenue as the economy softens, will curb spending or even use more-limited design software available free.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 climbs as rally in energy, tech stokes bullish bets By Investing.com*U.S. STOCKS JUMP OVER 1% AS RALLY IN ENERGY, TECH STOKES BULLISH BETS $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Democratic challenger concedes to Rep. David Valadao in California House race | CNN PoliticsDemocratic challenger concedes race to California GOP Rep. David Valadao, who will be one of just 2 members of 'Impeachment 10' returning to Congress
Read more »
Padres notes: Padres' Nick Martinez bets on himself again; Stammen wants to keep pitching; playoff sharesContract signed by right-hander allows him to signficantly increase salary by performing well as a starting pitcher
Read more »
Analysis | NFL best bets for Week 12: Keep riding this Commanders waveLeft hand up, then click on the Commanders (to shut down Atlanta's erratic offense).
Read more »
Movado Bets on Digital Engagement for Holiday Campaign StrategyMovado is rethinking its approach to holiday campaigns. The watchmaker and jewelry brand unveiled its “Always in Motion” campaign featuring high-level professionals with niche followings, like Peloton instructor Alex Toussaint and influencer Jessica Wang.
Read more »