CEO slashes jobs as Atlassian embraces AI
Australian-led software giant Atlassian – owner of Trello and Loom – is shedding more than 1000 jobs across its global workforce, to “rebalance” the company in the era of AI.
The Australian CEO of a top-tier software giant has apologised after cutting his global workforce by 10 per cent.
In a message to staff, Atlassian CEO Mike Cannon-Brookes said the decision to shed 1600 people was incredibly difficult, as staff were left waiting for an email advising them if they were on the list.
“I believe this is the right decision for Atlassian. But that doesn’t mean it’s easy. Far from it,” he said, according to documents filed in the US stock exchange.
“I know this has a huge impact on each of you, and it weighs heavily on me and Atlassian today.
“To Atlassians who are leaving us – I’m sorry for the impact this will have on you.”
The decision was driven by the increasing adoption of artificial intelligence.
“This is primarily about adaptation. We are reshaping our skill mix and changing how we work to build for the future,” Mr Cannon-Brookes said.
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Atlassian employs about 14,500 people in 14 countries across the world, including Australia – where it was first established in Australia during 2002 by Cannon-Brookes and Scott Farquhar.
In February, the Sydney-headquartered software company reported $US1.6 billion ($A2.3 billion) in revenue for the three months to December 31, up 23 per cent from a year ago and ahead of expectations.
But it net loss for the second quarter widened to $US42.6 million ($A61 million), up from $US38.2 million ($A54.7 million) a year ago.
Atlassian makes a suite of cloud-based collaboration tools, including Jira and Trello, used for software development and project management.
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