Co-founders billionaire Mike Cannon-Brookes and Scott Farquhar wrote in an replace to staff the corporate needed to rebalance the staff to higher place Atlassian for the long run.
“Today marks a very hard day in our 20-year history,” the memo to staff learn.
“We came to this decision as an executive team and with our board, but ultimately the final call is on us as co-founders.
“To those that are leaving us: we’re deeply sorry.”
The co-founders claimed the decision to sack the employees wasn’t a reflection of the company’s financial performance.
Instead, it cited re-organising the company to focus resources into “essentially the most crucial work” including cloud computing.
“We’ve made exhausting calls to cut back our funding in particular areas, to be able to reinvest in others,” the founders said.
“This is totally different to a financially-driven discount, the place you’ll look to make ‘broad-based cuts’ – for instance, a ten per cent lower equally distributed throughout each org inside the firm.
“This is not what is happening here.”
The most impacted groups embody expertise acquisition, program administration and analysis and insights.
“We want to be clear these decisions are not a reflection of our teammates’ work,” the corporate stated.
“Every single person has made contributions that have changed our company for the better and will leave a lasting impact on their peers and teams.
“This is about rebalancing the roles we’d like throughout Atlassian initially.”
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Source: www.9news.com.au
