Envato

Envato, a creative marketplace owned by Shutterstock, is cutting up to 200 jobs, which represents about one-third of its total workforce. The layoffs are part of a global restructuring announced in early March 2026, driven by a strategic shift to focus on AI and adapt to changing customer expectations. The company, operating in the tech and creative industries, is streamlining its team structure across Australia, New Zealand, Mexico, and the U.S. to reduce costs and invest more in product development and AI initiatives.

Australian digital asset marketplace Envato has initiated a restructuring process, resulting in approximately 100 redundancies globally. This represents about one in seven employees, based on the company's 2020 headcount of around 600. Announced in early June 2022, the layoffs affect roles across Australia, New Zealand, Mexico, and the USA. CEO Hichame Assi stated the cuts are part of an effort to sharpen the company's business focus, update its core areas, and wind down ancillary products. The tech industry firm is providing impacted staff with a minimum of 12 weeks' pay and outplacement support.