Atlassian is the latest tech firm to axe jobs

Date:
Tue, 07 Mar 2023 14:57:28 +0000

Description:
Despite massive opportunities ahead, Atlassians co-CEOs and board have agreed to cut 5% of its headcount.

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Online collaboration developer Atlassian, the company behind Trello , the popular project management tool , is the latest firm to announce job cuts
amid ongoing global economic pressure.

In a letter to shareholders in February, the company said: Despite the
current macroeconomic headwinds, the massive opportunities in front of us
have not changed, and were ready to execute with relentless focus throughout 2023.

Those headwinds are to blame for the companys March announcement that sees 5% of its workforce leaving the company. Atlassian redundancies

The reduction in headcount equates to around 500 workers, and is a reasonably modest move compared to other tech firms who have resorted to laying off between 5% and 15% of their employees.

As a company, we have massive growth opportunities in front of us, co-CEOs Scott Farquhar and Mike Cannon-Brookes maintain, adding that the priority of roles has changed.

Cloud migrations, ITSM , and serving enterprise customers in the cloud were noted as key areas for growth. Atlassian will be reinvesting in roles that better support [its] priorities. Its unclear whether the 5% figure accounts for any re-employments. At-risk workers will be eligible for any new roles, with the company confirming it will provide the opportunity to apply for open roles internally through our Internal Mobility process. Read more

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Affected workers will receive 15 weeks pay plus one week of pay per year worked at the company, in addition to any paid time off not taken. Redundant staff will also get six months of healthcare for themselves and their
families and continued access to the companys EAP. Laptops will also remain ex-employee property, once remotely wiped, which is a trend that weve seen among other tech firms in recent months.

In keeping with the Open Company, No BS theme, Atlassian has shared other details with workers and offered up a webinar at the time of announcement for affected workers to ask any questions. Find your next role on the best job sites and best recruitment platforms



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Link to news story: https://www.techradar.com/news/atlassian-is-the-latest-tech-firm-to-axe-jobs


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