Atlassian Cuts 1,600 Jobs to Accelerate AI and Enterprise Growth
Atlassian said it would cut about 1,600 jobs, roughly 10% of its workforce, to refocus on AI initiatives and enterprise growth, with about 30% of the affected roles based in Australia. The restructuring, part of a broader push into an 'AI era,' includes a minimum 16 weeks of severance, extended benefits, and prorated bonuses, while CTO Rajeev Rajan will step down. The move comes as Atlassian faces a stock decline and is costing the company $225–$236 million in restructuring expenses, driven by severance and office-space reductions.