Atlassian's AI-Focused Restructuring: 1,600 Layoffs Ahead
Australian software firm Atlassian announces 10% workforce reduction as part of strategic shift to artificial intelligence and enterprise sales.
In a move to bolster its push into artificial intelligence and enterprise sales, Australian software giant Atlassian has announced a major restructuring plan that will see the company lay off around 10% of its workforce, equating to roughly 1,600 positions.
The news, which sent Atlassian's shares up more than 4% in extended trading on the Nasdaq, underscores the company's strategic pivot as it looks to streamline operations and focus on emerging technologies and high-value enterprise customers.
According to the company's co-founder and co-CEO, Mike Cannon-Brookes, the layoffs are part of a broader effort to
Source: The Guardian
