Atlassian to axe 500 jobs amid tech industry layoffs

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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MCB-Atlassian: Have the closed, or opened more staff Wellness Centres in their various offices? Good ideas have their day........then the money runs out! Spending less time at AGL? EnergyWrapAU richwal94842899 RealMarkLatham

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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.
Source: smh - 🏆 6. / 80 Read more »

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.
Source: theage - 🏆 8. / 77 Read more »