Shutterstock-owned Envato to lay off 200 employees due to AI
The latest restructure comes nearly four years after the company cut around 100 roles in mid-2022 as part of a “renewed and sharpened business focus”.
Veteran creative marketplace Envato is set to shed up to 200 jobs – a third of its headcount – following a strategic review of the 20-year-old tech pioneer.
The size of the cuts was reported in Mumbrella, but Envato said in a statement to Startup Daily that while the restructure is underway, “we’re not in a position to share details about role reductions or numbers”.
Envato CEO Hichame Assi said he notified staff via email earlier this week that, following “a strategic review of our team structure and operations,” the business is “making a number of significant changes to the Envato team globally this week”.
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