Atlassian to cut roughly 10% jobs in pivot to AI
Atlassian said on Wednesday it would lay off around 10% of its workforce, or 1,600 employees, to push into artificial intelligence and enterprise sales.
Shares of the enterprise software company rose nearly 2% in extended trading after Atlassian said it plans to “rebalance” its resources to focus on the “future of teamwork in the AI era.”
The company said the majority of impacted employees are in North America, amounting to 40%, followed by 30% in Australia and 16% in India. It expects to incur about $225 million to $236 million in charges related to the layoffs and office space reductions.
