Atlassian Cuts 1600 Jobs Amidst AI Shift

0:00On March 11th, here's the latest out of Adelaide. At Lassian, the Australian software company behind tools like Trello, Jura, and Loom is cutting 10% of its global workforce, that 1600 jobs as its shifts focus in the age of artificial intelligence. The layoffs come, despite strong revenue growth. For the quarter-ending December 31st, the company reported $1.6 billion in sales of 23% from last year. Steve executive Mike Cannonbrooks called the move tough, but necessary for the company's future. In a note to employees, he apologized directly to those affected, saying the impact weighs heavily on everyone. Staff waited anxiously for emails revealing their status, highlighting the personal toll of these changes. At Lassian builds cloud tools for team collaboration and project management. This rebalancing aims to position the firm better against AI disruptions, even as it posted a wider net loss of $42.6 million US dollars.

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