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Atlassian lays off 1,600 workers ahead of AI push
Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales
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Australian software giant Atlassian has announced it is laying off about 10% of its workforce, or roughly 1,600 positions, as part of a restructuring plan to push into artificial intelligence and enterprise sales.
Shares of the company rose more than 4% in extended trading on the Nasdaq.
The company’s co-founder, Mike Cannon-Brookes, told employees the move was “the right decision for Atlassian” in a note circulated late Wednesday, US time.
“But that doesn’t mean it’s easy,” he said. “Far from it. I know this has a huge impact on each of you, and it weighs heavily on me and Atlassian today.”
‘I am deeply sorry’: Australian software giant Atlassian to cut 1600 workers, blaming AI
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Software giant Atlassian is cutting 10 per cent of its global workforce, or about 1600 employees, as the company led by billionaire chief executive Mike Cannon-Brookes is upended by AI turbulence.
Cannon-Brookes told staff on Thursday morning that AI was changing “the mix of skills we need” and “the number of roles required in certain areas” in the largest restructure in the company’s 23-year history.
A spokeswoman said about 30 per cent of the impacted employees are based in Australia, meaning about 500 local jobs will be axed. Atlassian employs about 16,000 workers globally with about 3500 of those in Australia.
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Aussie software giant Atlassian cuts 1600 jobs in push to AI
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