Atlassian

Business-software maker Atlassian said Monday that it will lay off 500 employees, or around 5% of its workforce. Atlassian shares were up 1% in extended trading ...

[fourth quarter](https://investors.atlassian.com/news/news-details/2023/Atlassian-Announces-Second-Quarter-Fiscal-Year-2023-Results/default.aspx), up about 27% year over year, although it ended the period with a $205 million net loss. [contracting slightly](https://www.cnbc.com/2023/01/18/tech-layoffs-microsoft-amazon-meta-others-have-cut-more-than-60000.html) in the past year after Covid caused individuals and companies to changed their behaviors, even as unemployment continues to be low [in developed countries](https://data.oecd.org/unemp/unemployment-rate.htm). Friday will be their last day, a spokesperson told CNBC. [government statistics](https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/jan-2023). Cuts are not evenly distributed across the company, they wrote in a "While many teams across Atlassian are impacted, some of our most impacted teams include Talent Acquisition, Program Management, and Research & Insights," Farquhar and Cannon-Brookes wrote.

Australian software company Atlassian is set to sack 5 per cent of its workforce which is about 500 employ...

"We want to be clear these decisions are not a reflection of our teammates' work," the company said. "We've made hard calls to reduce our investment in specific areas, in order to reinvest in others," the founders said. "Today marks a very hard day in our 20-year history," the memo to employees read.

The Sydney-headquartered tech company confirmed 500 jobs would be lost due to a “difficult macroeconomic environment,” which has already seen mass job losses at ...

[Browse today](https://rewards.thewest.com.au/) [Choose today](https://thewest.com.au/manage-email-preferences) [other subscription options](#)and [Terms & Conditions](https://thewest.com.au/terms)

Amazon, Alphabet, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

The biggest came from Facebook and Instagram parent company [Meta](https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/), which laid off roughly 11,000 employees in November. announced plans to lay off 25% of its workforce (950 employees) in a company Meta did not respond to a Forbes request for details, although company communications director Andy Stone [denied](https://twitter.com/andymstone/status/1628424399362658305?s=46&t=3-r6ev3vh4Ve95Q-UDA2wg) the February 22 report that Meta is considering layoffs. Total employment in the U.S increased by 517,000 positions in January, nearly tripling economists’ expectations, as industries such as construction, hospitality and healthcare bring in new workers despite recent cuts primarily in the tech industry. Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the advisory business, who said the cuts are intended to align its workforce with “current and anticipated market demand”—making it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. The German enterprise software firm—whose U.S. [CNBC](https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html), as the company struggles with an increase in the cost to “secure and distribute programming,” and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, [according to](https://www.leichtmanresearch.com/major-pay-tv-providers-lost-about-785000-subscribers-in-3q-2022/) the Leichtman Research Group. [filing](https://www.sec.gov/Archives/edgar/data/1874944/000187494423000003/emldated1-24x23.htm) as it moves to reduce costs and “focus on being a profitable company,” three months after it announced it would cut another [6%](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=28b0d52e5c6e) of its staff. [SEC filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1002047/000119312523019739/d395436d8k.htm) to lay off 8% of its staff ( [estimated](https://techcrunch.com/2023/01/31/netapp-a-specialist-in-cloud-data-management-says-it-will-lay-off-8-or-around-960-people-citing-economic-climate/) to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” [confirmed](https://www.bbc.co.uk/news/business-64549761) to multiple [news](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) outlets [plans](https://www.bbc.co.uk/news/business-64549761) to [cut](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees “with a focus on engineering and manufacturing.”

(Bloomberg) -- Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs.

While layoffs are never easy, the company is offering affected employees 15 weeks of severance pay, plus one additional week per year of service, with unused ...

Co-founders Mike Cannon-Brookes and Scott Farquhar wrote in an internal announcement that "tough calls" had to be made "to prioritise the most critical work for ...

“We encourage you to take the time for farewells, including writing goodbye blogs and sharing any handovers. Rather than escorting staff from the premises, most who are laid off will have until close of business March 10 local time to “interact with their teams”. Where possible, the company said, it will provide the chance to apply for open roles internally, on a global basis, and a range of outplacement services will be offered.

Australian software company Atlassian will reduce its workforce by 5 per cent in response to changing economic conditions, but co-founders Mike ...

Most people leaving will have the option to interact with their teams until the end of the day Friday, March 10, 2023 local time," they said. "We want to be clear: These decisions are not a reflection of our teammates' work. The remaining jobs will be cut across India, Europe, the Middle East, Africa and the Philippines. The company said it would also buck the "industry standard" and would not "block access to communication tools immediately", with co-founders Mr Cannon-Brookes and Mr Farquhar writing that the approach "didn't feel right to us". "A month back, we reorganised our company to better reflect operating in a changing and difficult macroeconomic environment," the statement read. In a statement released to the US Securities and Exchange Commission on Tuesday, Atlassian founders and co-chief executives Mike Cannon-Brookes and Scott Farquhar said the company needed to "reduce our investment in specific areas, in order to reinvest in others", in response to the changing business climate globally.

Co-founders Scott Farquhar and Mike Cannon-Brookes announced the Sydney-based software company would lay off 500 employees on Tuesday, minutes before affected ...

"One of the things we've got is we can hire people all across Australia and New Zealand, around the world. "We know the industry standard is to block access to communication tools immediately," Mr Farquhar and Mr Cannon-Brookes wrote. The pair said the restructuring was motivated by a need to adapt to a "changing and difficult macroeconomic environment".

The Australian technology company is billing the move as a “rebalancing” but the redundancies are a sharp change from its emphasis on rapid hiring.

[Sign up here](/link/follow-20170101-p570wt). Atlassian has 700 open roles and the teams affected by Tuesday’s lay-offs largely do not overlap with the research and development roles it is seeking in the recruitment drive. [joining a travelling campervan on stops around the country](/link/follow-20170101-p5bnbh) to advertise its recruiting plans last October. The company would not publicly answer questions on the layoffs or hiring, beyond pointing to the founders’ note. But it also recorded a net loss of $US205 million and told the market it was seeing slower growth in its cloud products, which are crucial to its future. This is not what is happening here.”

"This is about rebalancing the roles we need across Atlassian first and foremost," Cannon-Brookes and Farquhar wrote.

“We hope you walk into this next phase knowing you’ve had a positive impact here – and have changed our company for the better. “This is different to a financially-driven reduction, where you would look to make ‘broad-based cuts’ – for example, a 10% cut equally distributed across every org within the company. “We’re rebalancing our talent and resources to put increased focus on our largest growth opportunities: cloud migrations, the IT service management market, and serving enterprise customers. As a company, we have massive growth opportunities in front of us.” “While it helped us streamline work, we need to go further in rebalancing the skills we require to run faster at our company priorities,” they wrote. The co-CEOs told staff today in an email that they reorganised the company last month “to better reflect operating in a changing and difficult macroeconomic environment” going to make “tough calls” on their priorities.

Atlassian has joined a conga line of tech firms that have cut a swathe through their workforces, reversing a COVID hiring binge.

Staff won’t immediately have their communications cut (which is now common practice among mass IT industry sackings) – they will have three days to access communications via Slack and Gmail. We made tough calls to prioritise the most critical work for our current and future customers,” Atlassian told staff. It is hard to argue that the move wasn’t motivated by a desire to cut costs and improve profit. [the job cuts in IT over the past year conducted by 365 DataScience](/link/follow-20170101-p5chgl) showed human resources and software engineering were hit hardest. The good news is that the firm recorded a 27 per cent lift in revenue on the back of improved subscriptions. Atlassian told its staff that this was not a reflection of the company’s financial performance.