Atlassian is the latest tech company to cut jobs
Online transactions (opens in a new tab) developer Atlassian, the company behind Trello (opens in a new tab)Popular project management tools (opens in a new tab), is the latest company to announce job cuts amid ongoing global economic pressures.
in one letter to shareholders (opens in a new tab) In February, the company said: “Despite the current macroeconomic difficulties, the major opportunities ahead of us remain unchanged and we stand ready to execute with unwavering focus throughout the year. 2023.”
Those headwinds are what caused the company’s March Notification (opens in a new tab) saw 5% of the workforce leave the company.
Atlassian fallback
The headcount reduction equates to about 500 workers and is a rather modest move compared to other tech companies that have had to lay off between 5% and 15% of their staff.
“As a company, we have many growth opportunities ahead of us,” confirmed co-CEOs Scott Farquhar and Mike Cannon-Brookes, adding that the priority of the roles has changed. .
Moving on the Cloud, ITSM (opens in a new tab)and serving enterprise customers in the cloud were noted as key growth areas. Atlassian “will reinvest in better support roles [its] prioritize”. It’s not clear if the 5% figure accounts for any rework. At-risk workers will be eligible for any new roles, with the company confirming that it will “provide an opportunity to apply for open roles internally through the Internal Mobility process.” ours.”
Affected workers will receive 15 weeks of pay plus one week of pay for each year of employment, in addition to any unpaid leave. Contingency employees will also receive six months of health care for themselves and their families and continued access to the company’s EAP. Laptops will also remain the property of former employees, after being deleted remotely, a trend we’ve seen at other tech companies in recent months.
In keeping with the theme of “Open Company, No BS”, Atlassian shared other details with employees and gave a webinar (opens in a new tab) at the time of notification so that affected workers can ask any questions.