Markets
Atlassian Cuts 1,600 Jobs (10%), CTO Departs March 31 — Self-Funding AI Pivot With $225M in Restructuring Charges
Atlassian laid off 1,600 employees (10% of workforce) on March 11 to 'self-fund' AI and enterprise sales investment, with CTO Rajeev Rajan stepping down effective March 31. Over 900 roles were in R&D (40% in North America, 30% Australia, 16% India), costing $225-236M in charges through June 2026. CEO Cannon-Brookes acknowledged AI 'changes the mix of skills we need' — the latest SaaS incumbent converting human headcount into AI investment capital following Block (40% cut) and WiseTech (29% cut).
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