Atlassian CEO Cites AI Shift When Announcing Plan to Shed 1,600 Jobs [Yahoo! Finance]
Atlassian Corporation - Class A (TEAM)
Last atlassian corporation - class a earnings: 4/30 04:03 pm
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investors.atlassian.com/investors-overview/default.aspx
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Source: Yahoo! Finance
Photographer: Lisa Maree Williams/Bloomberg (Bloomberg) -- Atlassian Corp. plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown. Australian billionaire founder Mike Cannon-Brookes explained the reductions in a staff memo, while also announcing his chief technology officer was leaving the Sydney-based company. Most Read from Bloomberg Georgia Democrat Leads in Marjorie Taylor Greene's District Trump Says US to Get New Oil Refinery With Reliance Backing Greek Oil Tanker Exits Strait of Hormuz With Its Signal Off Trump to Invoke Emergency Law for Offshore Oil Producer Sable Trump Signals Possible End to War, Floats Removing Oil Sanctions The reductions are the latest AI-linked cuts in the software industry and beyond, as companies across the globe adapt to an era in which the technology can handle many of the tasks thus far performed by humans. Still, comp
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TEAM
News
- Atlassian Still Grows Fast, But Must Finally Deliver Profits [Seeking Alpha]Seeking Alpha
- Atlassian (TEAM) had its "outperform" rating reaffirmed by Wolfe Research.MarketBeat
- Atlassian follows Block's footsteps and cuts staff in the name of AI [Yahoo! Finance]Yahoo! Finance
- Stocks Slip Before the Open as Middle East Conflict Lifts Oil, U.S. Economic Data on Tap [Yahoo! Finance]Yahoo! Finance
- Atlassian (TEAM) had its price target lowered by Mizuho from $205.00 to $185.00. They now have an "outperform" rating on the stock.MarketBeat
TEAM
Earnings
- 2/5/26 - Beat
TEAM
Sec Filings
- 3/11/26 - Form 8-K
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- TEAM's page on the SEC website