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Atlassian cuts 5% of head count as the software maker focuses on high-priority areas - TL;DR CNBC

Atlassian cuts 5% of head count as the software maker focuses on high-priority areas

Publishing timestamp: 2023-03-06 22:35:26


Summary

Atlassian announced that it will lay off 500 employees, or around 5% of its workforce. The move is less about financial needs and more about focusing on key priorities such as IT service management and helping customers move workloads from on-premises data centers to cloud. Employees whom Atlassian is cutting will receive 15 weeks of severance, plus one week for each year of employment, and they can keep their laptops. Cost cuts will result in $70 million to $75 million in charges.


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Keywords: businessgitlab incalphabet incpagerduty incasana inctechnologyatlassian corpbusiness newslayoffsenterpriseinternational business machines corpjobsbreaking news: technologymicrosoft corp

Source: https://www.cnbc.com/2023/03/06/atlassian-cuts-5percent-of-headcount-as-it-focuses-on-high-priority-areas.html


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