Atlassian just cut 1,600 jobs

Atlassian just cut 1,600 jobs. 10% of their global workforce. 480 Australians. Gone. I feel for everyone of them. Cannon-Brookes sent a company-wide email....

Atlassian just cut 1,600 jobs.

10% of their global workforce. 480 Australians. Gone. I feel for everyone of them.

Cannon-Brookes sent a company-wide email. Staff had 20 minutes before the termination notices landed in inboxes.

This isn't a struggling company. Revenue is up 23%. They have 600 customers spending over $1M a year. Rovo — their AI suite — has five million users.

They cut because growth no longer requires the same number of people.

The AFR put it better than I can:

"Just as the clock was ticking for Atlassian workers on Thursday morning, so is it ticking for every company, even the shooting stars that once seemed impregnable. A new age of creative destruction is here, and it's going to get ugly."

Atlassian isn't alone. WiseTech. Commonwealth Bank. Block. All cutting. All citing AI. All growing.

The pattern is the same every time: profits up, headcount down.

Here's what I keep telling clients: you don't want to find out what your version of this looks like when the board forces the conversation.

The businesses getting ahead of it now aren't cutting people.

They're automating the work those people shouldn't be doing in the first place — and redeploying them into the work that actually moves the business.

That's a different outcome. But the window to choose which version you get is narrowing.

If you want to understand where the pressure points are in your business before someone else identifies them for you, let's chat: https://agentivegroup.ai/

Sources: AFR Chanticleer — https://lnkd.in/gD6S9Rwa The Register — https://lnkd.in/giS_NCYb startupdaily — https://lnkd.in/gu3PYfg5