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Atlassian slashes 10% of workforce to 'self-fund' investments in AI and enterprise sales

Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian said on Wednesday that it's eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence. "We are doing this to self-fund further investment in AI and enterprise sales, while strengthening our financial profile," CEO Mike Cannon-Brookes said i...

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