Atlassian to axe 500 jobs amid tech industry layoffs

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Australian-born software company Atlassian is set to sack 5 per cent of its workforce which is about 500 employees. 9News

Co-founders billionaire Mike Cannon-Brookes and Scott Farquhar wrote in an update to employees the company had to rebalance the team to better position Atlassian for the long term.The company said it isn't a reflection of its financial status.

Instead, it cited re-organising the company to focus resources into "the most critical work" including cloud computing.

 

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Atlassian cuts 500 jobs as tech industry pain intensifiesThe company is billing the move as a “rebalancing” but the redundancies are a sharp change from its emphasis on rapid hiring.
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