Atlassian, an Australian company that makes software for office collaboration, let go of 500 employees or 5% of its total workforce.
The present economic slump forced a restructuring, which is what led to this, said co-founders and co-CEOs Mike Cannon-Brookes and Scott Farquhar in a post.
Atlassian has roughly 7,000 employees who support over 250,000 clients, according to its LinkedIn page. Once the corporation increased its employment efforts in October 2022, this happened.
The company listed the following teams as some of those most adversely affected: talent acquisition, programme management, and research and insights.
In order to “better support our aims,” the co-founders of Atlassian announced they will reinvest in job positions.
“We have massive growth opportunities in front of us, particularly across cloud migrations, IT service management, and serving our enterprise customers in the cloud,” they added, reiterating that the move was not a “financially driven reduction”.
The 2002-founded, Nasdaq-listed business offers team collaboration solutions. Project tracking, content collaboration, and software delivery and operations are all part of its portfolio.
ThinkTilt, the company behind ProForma’s no-code or low-code form builder, was bought by Atlassian in 2021.