Atlassian layoffs: Sydney-based software company to cut 1,600 jobs

 Australian software firm Atlassian is laying off 1,600 employees, 10 percent of its workforce. This includes Chief Technology Officer Rajeev Rajan. The company cites AI developments and a declining stock price as reasons for restructuring. Atlassian aims to self-fund AI investments and enterprise sales. The majority of job cuts are in North America, followed by Australia and India. Australian software firm Atlassian is laying off 1,600 employees, 10 percent of its workforce. This includes Chief Technology Officer Rajeev Rajan. The company cites AI developments and a declining stock price as reasons for restructuring. Atlassian aims to self-fund AI investments and enterprise sales. The majority of job cuts are in North America, followed by Australia and India.