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Whether folly or far-sighted, Atlassian’s decision five years ago to build a 40-storey headquarters in the heart of Sydney is being tested by an artificial intelligence revolution wreaking havoc on the software sector.
The Nasdaq-listed software firm has taken a lease over almost the entirety of the $1.45 billion tower’s office space, grouped into habitats of four levels each. A hostel takes up five floors at the bottom. But in the midst of a round of job cuts, Atlassian is looking to sub-lease more than a third of its space.
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Billionaire Atlassian chief executive Mike Cannon-Brookes has staked the future of his company on AI, slashing 1600 jobs via email in a move to position the software giant for the wave of disruption tearing through Australia’s white-collar workforce.
A sombre Cannon-Brookes issued a video message to staff 20 minutes before the company axed 10 per cent of staff globally, including 480 roles in Australia, on Thursday, prompting major questions for Atlassian and fear in the wider economy already dealing with rising inflation and surging oil prices.
Afterpay’s parent company Block this month slashed more than 4000 jobs in the name of artificial intelligence, joining the likes of Australian logistics software company WiseTech, Amazon, Pinterest and Crowdstrike.
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Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales
Software giant Atlassian has announced it is laying off about 10% of its workforce, or roughly 1,600 positions, and replacing its chief technology officer as it restructures to invest further in artificial intelligence.
More than 900 affected positions were involved in software research and development, a spokesperson said. Most of Atlassian’s employees work in software engineering and design, accounting for over 50% of its 13,813 full-time workforce in June 2025.
About 640 affected employees are in North America, 480 in Australia and 250 in India, with the remainder spread across Japan, the Philippines, Europe, the Middle East and Africa, according to the spokesperson.
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