Atlassian to Eliminate 500 Jobs in Latest Software Cutbacks
The R&D center of Atlassian Corp.. in Bengaluru.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs.
“We need to go further in rebalancing the skills we require to run faster at our company priorities,” co-Chief Executive Officers Mike Cannon-Brookes and Scott Farquhar wrote in a memo to employees disclosed in a regulatory filing Monday. The software company said it will incur about $70 million to $75 million in restructuring costs, primarily through the end of June.