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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