Mike Cannon-Brookes says the software giant will shed 1600 roles, including its CTO, amid an AI-powered disruption and a brutal sharemarket sell-off.

AI-driven HBM shift, 2026 sold-out contracts, rising margins and EPS amid low valuation. Read more macro analysis here.

The company said the cuts will allow it to invest further in AI and enterprise sales, as well as accelerate its path toward sustained profitability.

Australian software giant Atlassian’s share price rose around 2% in after-hours trade following the announcement.

Mike Cannon-Brookes is sacking 10 per cent of Atlassian’s workforce, about 1600 people, as it becomes the latest tech giant to succumb to the artificial intelligence revolution.

Software giant Atlassian is cutting 10 per cent of its global workforce, or about 1600 employees, as the company led by billionaire chief executive Mike Cannon-Brookes is upended by AI turbulence.

Barclays 28th Annual Global Healthcare Conference March 11, 2026 8:30 AM EDTCompany ParticipantsJohn Morici - CFO ...

An Australian-based tech giant has announced it will cut 10 per cent of its workforce as part of a mass restructure.

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US prosecutors seek a retrial for Tornado Cash founder Roman Storm after a jury failed to reach a verdict on two charges tied to sanctions and money laundering.