Envato
UnverifiedTechnology600 employees
Offshoring Summary
This company has not yet been reviewed for offshoring data. This does not mean they don't offshore — we simply haven't assessed them yet.
The Story
- 2024Envato was acquired by Shutterstock for US$245 million. The Melbourne-based company behind ThemeForest and Envato Elements had approximately 600 employees globally. [AFR]
- February 2026Just weeks after the Shutterstock acquisition completed, Envato cut 200 jobs — 33% of its entire workforce. The company cited 'increasing investment in AI' as the reason. All teams were affected across Australia, New Zealand, Mexico, and the US. [SmartCompany]
- February 2026Envato staff described the cuts as a 'bait and switch' — many had been told their jobs were secure through the acquisition process, only to be let go weeks later. The AI framing was seen as cover for post-acquisition cost-cutting by Shutterstock. [Crikey]
All facts sourced from public reporting. No editorial commentary. Click source links to verify.
Layoff Events
| Date | Headcount | Location | Department | Notes |
|---|---|---|---|---|
| 1 Feb 2026 | 200 | Australia | technology | Cut 200 jobs (33% of 600 workforce). AI-driven restructure weeks after Shutterstock acquisition for $245M. |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
News
Envato to cut a third of workforce amid AI push - Mumbrella“Envato to cut 200 workers (33% of headcount) following strategic review. Melbourne-based digital assets marketplace acquired by Shutterstock for $245M. Reducing costs to invest in AI.”