Envato to cut a third of global workforce as it ramps up AI
Hichame Assi - CEO of Envato
Melbourne-based creative platform Envato is to slash a third of its workforce amid a push to embed artificial intelligence across its operations.
The digital assets marketplace told staff this week it would undertake a major global restructure, resulting in an estimated 30% reduction of its headcount, Mumbrella understands.
The move follows similar announcements from other tech companies, including Afterpay parent Block, which plans to cut 4,000 jobs—around 40% of its workforce—and Wisetech, which is set to reduce 2,000 roles as part of its AI-driven transformation.
