Canva lays off over 1,200 people amid slowing growth

Plus more of TechCrunch's top stories to start your morning

View this email online in your browser  November 04, 2026 TechCrunch Top 3 Canva lays off over 1,200 people amid slowing growth: Canva is cutting 22% of its staff as it faces its 'hardest year' yet. Read More TechCrunch Founder Summit 2026: Doors open at 9 a.m. ET in Boston: Today is the day to join TechCrunch Founder Summit 2026 in Boston's SoWa Power Station. Register now to join this founder-focused conference today. Read More Revolut's valuation jumps 53% to $115B in new share sale as it prepares to launch US bank: Glade Brook, Coatue and T. Rowe Price were among the investors that led the share sale. Read More A message from NVIDIA and Microsoft Explore NVIDIA events at Microsoft Ignite. Take advantage of all NVIDIA has to offer at Microsoft Ignite, in San Francisco and online November 17–20. With booth sessions and hands-on demos, exclusive networking and meeting opportunities, and a host of practical labs and panels, NVIDIA is your comprehensive destination for learning, connecting, and accelerating the AI experience. Register now Go Beyond the Bay Area, Join Us at Founder Summit At TechCrunch Founder Summit on November 4 in Boston, you can deepen your expertise on hiring, product market fit, pitching, founder leadership, and much more in a dynamic, intimate environment. Get ahead of the competition and show the world what the East Coast can build with a 25% discount using the code Daily25. Register Now Morning Must-Reads Data centers are turning to old jet engines as the wait for power grows: The years-long wait for access to the grid and new turbines is causing data center builders to turn to an unusual, less-efficient and less environmentally friendly solution: once-discarded jet engines. Read More Ferrari’s controversial Luce EV is sold out for 2027: The Luce, Ferrari's first electric car and one of its most polarizing models, is "fully allocated" through 2027, according to CEO Benedetto Vigna. Read More Titan OS raises $46 million to expand its smart TV OS internationally: Titan OS has raised $110 million in funding to date Read More Anthropic is working on a system to prove AI models' identity: Called FlashProve, the system would let anyone check that an AI response really came from the model it claims to be from. Read More AI inference startup Fal doubles its valuation to $16B as demand surges: The five-year-old startup raised a $1.3 billion round led by Bessemer. Read More Last but Not Least Hiding inside Palantir's skyrocketing quarter is a foreboding signal: Palantir's U.S. commercial revenue surpassed U.S. government revenue for the first time ever. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107