Atlassian follows Block’s footsteps and cuts staff in the name of AI

Australian productivity software company Atlassian announced on March 11th that it is cutting 10% of its workforce, which amounts to approximately 1,600 employees. CEO Mike Cannon-Brooks stated that the decision allows the company to funnel more funds into AI, enterprise sales, and to strengthen its finances, adapting to higher expectations for growth and profitability in the current market. This move mirrors similar actions taken by Block CEO Jack Dorsey, who recently cut nearly half of Block's staff, citing AI's potential to automate many roles. This trend aligns with predictions from enterprise VCs that 2026 would see AI significantly impacting the labor market.

(Source：TechCrunch)