'We are deeply sorry': 120 Australian Atlassian jobs to go as tech firm sheds 5 per cent of its workforce globally

abc.net.au/news/atlassian-cuts-5-per-cent-of-work-force-tech-industry-layoffs/102062078Australian software company Atlassian will cut 120 jobs in Australia after announcing "around 500" employees would be made redundant worldwide — equivalent to 5 per cent of its workforce — but says the company is not facing financial difficulties.

In a statement released to the US Securities and Exchange Commission on Tuesday, Atlassian founders and co-chief executives Mike Cannon-Brooks 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.

"A month back, we reorganised our company to better reflect operating in a changing and difficult macroeconomic environment," the statement read."While it helped us streamline work, we need to go further in rebalancing the skills we require to run faster at our company priorities." Mr Cannon-Brookes and Mr Farquhar said the decision does not reflect Atlassian's financial performance.

"We will be reinvesting in roles that better support our priorities. As a company, we have massive growth opportunities in front of us," they said.

Well, Alan Joyce sacked Qantas staff and got a pay rise, so what do you think others will do? Don't employ as many staff and the company saves money.

. 5% for an innovation company... Sounds like a low scale broom to rejuvenate the company.

I’m sure these people that just got bricked will take comfort in knowing that Atlassian are building a shiny new billion dollar HQ.

They can tend the gardens at one of the Atlassian bros many mansions

Not only windmills but giant solar farms with dubious benefits to Australia

'Let them build windmills.'

Atlassian loves to talk the talk but not walk the walk. 😆

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